According to a report in ESPNcricinfo, this year's auction is the last small one before franchises disband next year and prepare to assemble fresh squads from 2021.
In 2018, the last big auction took place in January when franchises were allowed to retain five players before building new squads.
The trading window for all the eight franchises will close on November 14.
In last year's edition, every franchise had a purse of INR 2 crore in addition to the balance kitty from the January auction. Kings XI Punjab had the deepest pockets with a purse of INR 36.2 crore, followed by Delhi Capitals at INR 25.5 crore.
It was also mandatory for every franchise to spend a minimum INR 61.5 crores out of their total purse of INR 82 crores.
For the upcoming edition, all the franchises were originally allotted Rs 85 crore to build their teams. However, every franchise will also have an additional budget of Rs 3 crore in addition to the balance in their kitties from the last auction.
According to the ESPNcricinfo report, Delhi Capitals have the biggest balance of Rs 8.2 crore, followed by Rajasthan Royals (Rs 7.15 crore), Kolkata Knight Riders (Rs 6.05 crore), Sunrisers Hyderabad (Rs 5.3 crore), Kings XI Punjab (Rs 3.7 crore), Chennai Super Kings (Rs 3.2 crore), Mumbai Indians (Rs 3.05 crore) and Royal Challengers Bangalore (Rs 1.8 crore).