Auction Arena: Nexgenai 2026
Ramco Institute of Technology
📌 About the Event
Auction Arena is a multi stage strategy simulation organized by Ramco Institute of Technology. In a department focused on Data Science, this event challenges participants to use “human algorithms” to value assets, manage a ₹75 Crore purse, and outmaneuver rivals. From a high-speed IPL history quiz to a live-action bidding floor, teams must navigate complex roster rules to qualify for the final “Super Over” showdown. It aims to test real-time decision making, resource optimization, and market intuition.
ℹ️ Event Details
- Category: Non Technical (Strategy & Management)
- Organizer: Dept. of AI & DS, Ramco Institute of Technology, Rajapalayam
- Eligibility: All registered symposium participants
- Team Size: 2 to 4 members per team
- Effort Level: High (Strategic Depth)
- Submission Type: Online Quiz + Live Bidding
📅 Important Dates
- Registration Deadline: 7th April, 2026
- Event Date: 9th April, 2026
- Reporting Time: 30 minutes before the Quiz Round
- Results Announcement: 9th April, 2026 (On-site)
- Mode: Online (Conducted at the venue)
- Venue: EEE Seminar Hall, RIT Campus
🏆 Prize Details and Value
- Prize Type: Cash, Trophy, and Merit Certificate
- Certificates: “Master Strategist” Merit Certificates; Participation Certificates for all teams
- Visibility: Final winning squads will be displayed on the Nexgenai leaderboard
- Additional Perks: Professional oversight by faculty incharges Mr. R. Muthu Eshwaran and Ms. V. Logapriya
📉 The 3-Phase Tournament Structure
| Phase | Activity | Goal |
| Phase 1 | Online IPL Quiz | 20 questions on IPL history (2008–Present). Top 8 teams advance. |
| Phase 2 | The Auction | Spend ₹75 Crore to buy 15 players while following strict “Legal Squad” rules. |
| Phase 3 | Super Over | Top 4 teams based on “Player Points” play digital Super Overs to find the champion. |
📋 Mandatory Squad Composition (The “Legal” Team)
Every team must finish the auction with exactly 15 players satisfying these constraints:
- Nationality: 10 Indian Players + 5 Foreign Players.
- Experience: At least 3 Uncapped Indian Players.
- Specialists: At least 2 Wicketkeepers.
- Budget: Must not exceed the ₹75 Crore limit.
🎯 What You Will Do
- Quiz: Complete the screening round via the online portal managed by Student Incharge Sanjay R. Speed is the tie-breaker!
- Bid: Only one designated member per team can place bids above the base price.
- Optimize: Use the student coordinators (Vishwakumar, Nitheesh, Abinaya, and Abi Rajeshwari) to track your remaining purse and player slots.
- Compete: If you qualify for the Super Over, use your squad’s statistical strength to win the digital head-to-head match.
📦 Resources and Support Available
- Infrastructure: Digital auction system and internet provided in the EEE Seminar Hall.
- Arbitration: The auctioneer’s decision on simultaneous bids is final and binding.