Bengaluru: Mega auction for Indian Premier League (IPL) 2022 for ten teams including two new entrants Gujarat Titans and Lucknow Super Giants are underway in Bengaluru.

Two new teams (Gujarat Titans and Lucknow Super Giants) have joined the existing eight franchises Mumbai Indians, Kolkata Knight Riders, Chennai Super Kings, Royal Challengers Bangalore, Punjab Kings, Delhi Capitals, Sunrisers Hyderabad, and Rajasthan Royals.

K.L.Rahul is leading LSG and Hardik Pandya leading Gujarat Titans. Two days auction has started in Bengaluru today. Captains of respective teams have joined the bidding process.

The 15th edition of the tournament is likely to begin towards the end of March but before that, this auction will decide how the teams pan out for the next few seasons.

IPL powerhouses CSK, MI, KKR have retained as many four players and enter the auction with a lighter purse along with DC, who too have retained four and have the least amount to spend in this auction.

Punjab Kings, who retained only two ahead of the auction, have the biggest purse. But as the past IPL auctions have shown us, remaining purse is hardly an indicator of how strong a would shape up. If there is anything that is certain about the auctions, it is its uncertainty.

Indian batsman Shreyas Iyer sold to KKR for Rs. 12.25 crore. He will lead the team in 2022 IPL. Indian batsman Shikhar Dhawan has first sold to Punjab Kings for Rs. 8.25 crore.

Spinner R. Ashwin sold to RR for Rs. 5 crore against his base price Rs. 2 crore.

KKR bought Australia all-rounder Pat Cummins for Rs. 7. 25 crore against  base price of Rs 2 crore.

Shikhar Dhawan - saw a bidding war between Delhi Capitals, Rajasthan Royals and then the Punjab Kings also entered the picture to finally win the battle.

Trent Boult sold to Rajasthan Royals at Rs. 8 crore. Kagiso Rabada sold to Punjab Kings for Rs. 9.25 crore.