Delhi have purchased a total of 25 players which include eight overseas players, seven capped Indian players and 10 uncapped players.
Rajasthan Royals (RR) will be back in business after a two-year halt.
Mumbai Indians have formed a squad of 25 players with eight overseas players, four capped players and 13 uncapped players.
Chennai Super Kings (CSK) have strengthened their spin attack following IPL 2018 auction.
In the first round unsold players Punjab picked Mayank Dagar for INR 20 Lakhs.
The live telecast of the auction will be on Star Sports 1, Star Sports 1 Hindi, Star Sports 1 Tamil, Star Sports 1 HD, Star Sports 1 Hindi HD and Star Sports First.
Delhi Daredevils (DD) had retained Shreyas Iyer, Rishabh Pant and Chris Morris ahead of the auctions.
D'arcy Short, the highest run scorer in Big Bash League 2018 (BBL) with 504 runs has been purchased by the Rajasthan Royals (RR) for INR 4 crores.
Gautam Gambhir was purchased by Delhi Daredevils in the on going IPL auction 2018 for INR 2.8 crores.
Some surprising players have gone unsold in the auctions so far.