The auction will begin with capped players, starting off with batters, followed by allrounders, wicketkeepers, fast bowlers and spinners in the listed order. The same sequence will be followed for the uncapped players.

Head, meanwhile, hasn't featured in the IPL for six seasons now. However, his recent success - he was Player of the Match in both the semi-finals and finals at the World Cup - could force multiple teams to break the bank to secure his services. Head has also been a prolific scorer in the BBL for the Adelaide Strikers.

Last season's runners-up Gujarat Titans head into the auction with the biggest purse of INR 38.15 crore - 15 crore of which have come through an all-cash deal that saw their captain Hardik Pandya move to Mumbai Indians. They have since named Shubman Gill, last season's highest run-getter as the new captain. Sunrisers Hyderabad (34 crores) and Kolkata Knight Riders (32.7 crores) will come with the second and third-biggest purse.

The auction, which is being held overseas for the first time, will begin at 2.30pm IST (1pm local). The event will also feature a live audience for the first time.