The IPL Player Auction 2012 will be held on Saturday, 4 February 2012, at the ITC Royal Gardenia Hotel, Bengaluru.
The auction will be conducted by Richard Madley, a professional auctioneer from England who has conducted each of the previous IPL player auctions.
The proceedings will begin at 11:00 am and will broadcast live by IPL Indian broadcaster Sony Set Max.
Rajeev Shukla, Chairman of IPL, said, “Fans of the sport, based in India and elsewhere, will be following the happenings with a lot of interest.
“The auction sets the stage for what promises to be an absorbing fifth season of the tournament.
“The developments during the first trading window have given us an idea of the varied approaches that the teams have adopted for the forthcoming season.
“The Auction will give us a deeper insight into the same.”
The IPL 5 season will commence in Chennai on April 4 and the final will be played at the same venue on May 27, 2012.