IPL 2025 Mega Auction Day 1 saw Rishabh Pant become the most expensive player ever in IPL, acquired by Lucknow Super Giants for ₹27 crore. Shreyas Iyer also broke records with a ₹24.75 crore deal with Punjab Kings. Teams spent a total of ₹467.95 crore, with big names like KL Rahul, Venkatesh Iyer, and Jos Buttler finding new homes.