{"id":2405,"date":"2026-04-07T15:36:48","date_gmt":"2026-04-07T10:06:48","guid":{"rendered":"https:\/\/internshala.com\/competitions\/?p=2405"},"modified":"2026-04-22T11:44:08","modified_gmt":"2026-04-22T06:14:08","slug":"auction-arena-nexgenai-2026","status":"publish","type":"post","link":"https:\/\/internshala.com\/competitions\/auction-arena-nexgenai-2026\/","title":{"rendered":"Auction Arena: Nexgenai 2026"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">\ud83d\udccc <strong>About the Event<\/strong><\/h2>\n\n\n\n<p>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 &#8220;human algorithms&#8221; to value assets, manage a \u20b975 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 &#8220;Super Over&#8221; showdown. It aims to test real-time decision making, resource optimization, and market intuition.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-alpha-channel-opacity has-background is-style-default\" style=\"background-color:#f0f0f0;color:#f0f0f0\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">\u2139\ufe0f <strong>Event Details<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Category:<\/strong> Non Technical (Strategy &amp; Management)<\/li>\n\n\n\n<li><strong>Organizer:<\/strong> Dept. of AI &amp; DS, Ramco Institute of Technology, Rajapalayam<\/li>\n\n\n\n<li><strong>Eligibility:<\/strong> All registered symposium participants<\/li>\n\n\n\n<li><strong>Team Size:<\/strong> 2 to 4 members per team<\/li>\n\n\n\n<li><strong>Effort Level:<\/strong> High (Strategic Depth)<\/li>\n\n\n\n<li><strong>Submission Type:<\/strong> Online Quiz + Live Bidding<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-alpha-channel-opacity has-background is-style-default\" style=\"background-color:#f0f0f0;color:#f0f0f0\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">\ud83d\udcc5 <strong>Important Dates<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Registration Deadline:<\/strong> 7th April, 2026<\/li>\n\n\n\n<li><strong>Event Date:<\/strong> 9th April, 2026<\/li>\n\n\n\n<li><strong>Reporting Time:<\/strong> 30 minutes before the Quiz Round<\/li>\n\n\n\n<li><strong>Results Announcement:<\/strong> 9th April, 2026 (On-site)<\/li>\n\n\n\n<li><strong>Mode:<\/strong> Online (Conducted at the venue)<\/li>\n\n\n\n<li><strong>Venue:<\/strong> EEE Seminar Hall, RIT Campus<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-alpha-channel-opacity has-background is-style-default\" style=\"background-color:#f0f0f0;color:#f0f0f0\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">\ud83c\udfc6 <strong>Prize Details and Value<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Prize Type:<\/strong> Cash, Trophy, and Merit Certificate<\/li>\n\n\n\n<li><strong>Certificates:<\/strong> &#8220;Master Strategist&#8221; Merit Certificates; Participation Certificates for all teams<\/li>\n\n\n\n<li><strong>Visibility:<\/strong> Final winning squads will be displayed on the Nexgenai leaderboard<\/li>\n\n\n\n<li><strong>Additional Perks:<\/strong> Professional oversight by faculty incharges <strong>Mr. R. Muthu Eshwaran<\/strong> and <strong>Ms. V. Logapriya<\/strong><\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-alpha-channel-opacity has-background is-style-default\" style=\"background-color:#f0f0f0;color:#f0f0f0\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">\ud83d\udcc9 The 3-Phase Tournament Structure<\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><td><strong>Phase<\/strong><\/td><td><strong>Activity<\/strong><\/td><td><strong>Goal<\/strong><\/td><\/tr><\/thead><tbody><tr><td><strong>Phase 1<\/strong><\/td><td><strong>Online IPL Quiz<\/strong><\/td><td>20 questions on IPL history (2008\u2013Present). Top 8 teams advance.<\/td><\/tr><tr><td><strong>Phase 2<\/strong><\/td><td><strong>The Auction<\/strong><\/td><td>Spend \u20b975 Crore to buy 15 players while following strict &#8220;Legal Squad&#8221; rules.<\/td><\/tr><tr><td><strong>Phase 3<\/strong><\/td><td><strong>Super Over<\/strong><\/td><td>Top 4 teams based on &#8220;Player Points&#8221; play digital Super Overs to find the champion.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-alpha-channel-opacity has-background is-style-default\" style=\"background-color:#f0f0f0;color:#f0f0f0\"\/>\n\n\n\n<h3 class=\"wp-block-heading\">\ud83d\udccb Mandatory Squad Composition (The &#8220;Legal&#8221; Team)<\/h3>\n\n\n\n<p>Every team must finish the auction with exactly <strong>15 players<\/strong> satisfying these constraints:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Nationality:<\/strong> 10 Indian Players + 5 Foreign Players.<\/li>\n\n\n\n<li><strong>Experience:<\/strong> At least 3 Uncapped Indian Players.<\/li>\n\n\n\n<li><strong>Specialists:<\/strong> At least 2 Wicketkeepers.<\/li>\n\n\n\n<li><strong>Budget:<\/strong> Must not exceed the <strong>\u20b975 Crore<\/strong> limit.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-alpha-channel-opacity has-background is-style-default\" style=\"background-color:#f0f0f0;color:#f0f0f0\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">\ud83c\udfaf <strong>What You Will Do<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Quiz:<\/strong> Complete the screening round via the online portal managed by Student Incharge <strong>Sanjay R<\/strong>. Speed is the tie-breaker!<\/li>\n\n\n\n<li><strong>Bid:<\/strong> Only one designated member per team can place bids above the base price.<\/li>\n\n\n\n<li><strong>Optimize:<\/strong> Use the student coordinators (Vishwakumar, Nitheesh, Abinaya, and Abi Rajeshwari) to track your remaining purse and player slots.<\/li>\n\n\n\n<li><strong>Compete:<\/strong> If you qualify for the Super Over, use your squad&#8217;s statistical strength to win the digital head-to-head match.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-alpha-channel-opacity has-background is-style-default\" style=\"background-color:#f0f0f0;color:#f0f0f0\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">\ud83d\udce6 <strong>Resources and Support Available<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Infrastructure:<\/strong> Digital auction system and internet provided in the <strong>EEE Seminar Hall<\/strong>.<\/li>\n\n\n\n<li><strong>Arbitration:<\/strong> The auctioneer\u2019s decision on simultaneous bids is final and binding.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>\ud83d\udccc 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<\/p>\n","protected":false},"author":9,"featured_media":2412,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10,5,19],"tags":[],"class_list":["post-2405","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-college-fest","category-past-competitions","category-ramco-institute-of-technology"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Auction Arena: Nexgenai 2026 | Internshala Competitions<\/title>\n<meta name=\"description\" content=\"Auction Arena is a multi stage strategy simulation organized by Ramco Institute of Technology. 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