IPL AUCTION

DESCRIPTION:Welcome to the IPL Auction, where students showcase their investment skills in groups of 3-4. Armed with a virtual wallet of Rs. 70 Crores, teams engage in a virtual auction to construct a cricket team of minimum 11 players within their franchise. This high-stakes auction is governed by defined rules and conditions, challenging teams to judiciously plan their resources for the benefit of their squad. It's an exhilarating test of strategic thinking and financial acumen in the realm of cricket.

Rules of Competition:

Round 1:

• Quiz Participation: Only 1 member from each team is permitted to participate in the quiz. Any team found violating this rule will be disqualified.
• Quiz Content: The quiz comprises 15 questions related to the IPL.
• Qualification: The top 10 teams with the highest scores will advance to the final round.

Round 2:

• Team Allocation: IPL team names will be distributed prior to the event.
• Player Acquisition: With 10 teams and 180 players available, teams must compete to secure 11 players for their squad.
• Budget Allocation: Each team is allotted a virtual fund of Rs. 70 Cr to bid and assemble their team.
• Bidding Process: Three calls will be made before a player is declared SOLD. Any member of the participating team can raise the placard to bid and state their team name.
• Bid Increments: Bids will increase under the following terms:
• Price under 3 Cr: Addition of 20 lacs
• Price between 3-9 Cr: Addition of 50 lacs
• Price 9 Cr & above: Addition of 1 Cr

General Rules:

• Keep your placard handy for bidding.
• Each team is designated an IPL team and budget for the game.
• Represent your team appropriately.
• Construct a team of exactly 11 players, including 3 batsmen, 1 wicketkeeper, 2 all-rounders, 3 bowlers, and 2 players of your choice.
• Ensure a maximum of 4 overseas players and a minimum of 1 uncapped player in your squad.
• Use the placard to place bids for players