Root has set his base price at INR 2 crore (USD 315,000 approx).
The IPL franchises are taking a careful look at the availability of England players over the next two seasons before deciding on whether to pick them at all.
Sussex's Barbadian paceman is in the process of qualifying to play for England and has lit up Australia's Big Bash League with his scorching pace, death bowling nous and some eye-catching bits of fielding to boot.
Stokes is no certainty to cash in on his payday, though, with his pending court appearance on an affray charge to decide his playing fate.
Two Karnataka batsmen rocked the auction soon after, breaching the Rs 10 crore mark.
The franchises were smart in their choices with most of the current India players attracting significant interest.
Dwayne Bravo was taken for Rs 6.40 crore by CSK using the RTM card.
More extensive bidding ensued for Kieron Pollard, the West Indies allrounder.
Harbhajan Singh followed Imran Tahir and Ambati Rayudu in the Chennai Super Kings setup ahead of the 11 IPL season, as he was bought by CSK for Rs 2 crore.
Ajinkya Rahane will continue to bat for Rajasthan Royals, who used their RTM for him for a price of Rs. 4 crore. The Indian batting stars were bought for R11 cr each, by Sunrisers Hyderabad and Kings XI Punjab, respectively. While Yuvraj Singh bought by Punjab for Rs 2 Crores.
Ben Stokes was signed for £1.4m in this year's Indian Premier League auction by the Rajasthan Royals.
If no team raises a paddle, the player will go unsold. The two faced off before Daredevils picked him up for INR 2.8 crore (USD 437,000 approx). As part of the nomination process, each player must elect a base price, which is effectively a minimum starting bid. His opening partner in Tests, M Vijay, did not get any bid at all.
The Victorian has spent the past four years with Kings XI Punjab, but returns to the franchise where he cut his teeth in the IPL.
Among the Indians, batsmen Manish Pandey (Hyderabad) and Lokesh Rahul (Punjab) went for 110 million rupees.
It was a weird move as Chennai Super Kings rarely even showed interest in younger players, let alone pursuing bids for them for long or buying them. There are 31 players in the ₹1 crore category, 23 in the ₹75 lakh and 122 in the ₹50 lakh base price bucket.
Fellow Australian fast bowler Pat Cummins, however, was sold to MI for Rs 5.40 crore. From mega-million purchases to world class cricketers going unsold, every IPL auction has been full of surprises. Mumbai Indians, too, went after the best batsmen.
The most noticeable aspect of the opening day of this year's auction was the interest that uncapped Indian cricketers generated; 25 of the 49 Indians to be bought were uncapped, alongside the 29 worldwide recruits. Daredevils used a RTM on Mohammed Shami, while KKR did the same for legspinner Piyush Chawla.
New Zealand's Ish Sodhi, Australia's Adam Zampa and West Indian spinner Samuel Badri, all leg spinners, all went unsold.