More than 150 players are expected to go under the hammer at the auction for 66 slots for the six teams: Hyderabad HotShots (Hyderabad), Karnataka Kings (Bangalore), Lucknow Warriors (Lucknow), Mumbai Masters (Mumbai), Pune Vijetas (Pune) and Rajdhani Smashers (Delhi).
Each franchise can feature 11 players, with a maximum of four foreign shuttlers and one Under-19 player from their catchment area.
The auction will be conducted by London-based auctioneer Bob Hayton.
There will be six icon players starting with a base price of $50,000, for whom franchises will bid from draw of lots. Indian stars Saina Nehwal, Jwala Gutta, Ashwini Ponnappa, Parupalli Kashyap and PV Sindhu will have icon status while a leading foreign star will be the sixth icon player.