Well begun is half done - but for Punjab Kings in IPL 2026, a dream start wasn't even half the battle.
Qualifier 1 between RCB and GT is being played at
HPCA Stadium in Dharamsala today. The Eliminator and Qualifier 2 will follow at Mullanpur, New Chandigarh. Both are home venues of Punjab Kings - and both will host playoff matches without them.
It is a painful reminder for the PBKS players and their fans. The playoffs are being played in their own backyard, in front of their own crowd, without them. The story of how it came to this is one of the most dramatic collapses in IPL history.
IPL 2026: The Dream Start for PBKS
Punjab Kings began IPL 2026 in a manner that made them look like a team finally ready to shed two decades of near-misses. They were unbeaten in the first seven games, suffering their first defeat only in their eighth clash against Rajasthan Royals. They were not just winning - they were winning emphatically, with a record-breaking ferocity that announced their arrival as genuine title contenders.
Their strike rate of 180.67 in the PowerPlay overs was the best in the tournament, with 40 sixes hit in that phase alone. Their opening pair of Prabhsimran Singh and Priyansh Arya hit boundaries at will. And in their most iconic moment of the season, they pulled off the greatest run chase in IPL history - successfully hunting down a target of 265 set by Delhi Capitals on April 25, 2026. 
The numbers from that period reflected how completely dominant PBKS looked. After their seventh match, their playoff qualification probability stood at 97 per cent. They were not just a team in the running for the top four - they were a team that looked poised to win the tournament outright.
Punjab vs Rajasthan: The Slide Begins
The slide began on April 28, when Rajasthan Royals chased PBKS down at New Chandigarh, thanks to a 77-run fifth-wicket stand off just 32 balls between Donovan Ferreira and Shubham Dubey.  It was their first defeat of the season. At the time, it looked like a blip - the kind of loss any side absorbs over a 14-match campaign.
It was not a blip. It was the beginning of the end.
Over the following weeks, the Punjab Kings that had looked unbeatable in the first half vanished entirely. They lost six consecutive games before winning their final league match against Lucknow Super Giants (May 23). With each defeat, their playoff probability dropped further - from 97 per cent to 94, to 87, to 78, to 62, to 43, and finally to just 23 per cent after their 13th game. The numbers on the broadcast graphic told the story of a team in freefall.
Why the Wheels Came Off for Punjab Kings
Death bowling was the single biggest factor in PBKS's collapse. They picked up just 17 wickets in the death overs across 10 innings at an economy rate of 11.71 - the worst of any team in the tournament - leaking the second-most sixes in the competition.
While their batting had papered over the cracks in the first half, the second half exposed them. They suffered top-order collapses in crucial games, their poor starts hampered their ability to reach the mammoth totals they had been posting earlier, and the toss repeatedly went against them - being asked to bat first in three of their last four games.
The momentum shift was also psychological. After the first defeat against Rajasthan Royals, PBKS completely lost their rhythm and could not find a way back.  A team that had been clinical with the bat and breezy in the field suddenly began looking anxious. Dropped catches proved costly. Shashank Singh put down KL Rahul during the contest against Delhi Capitals, and Rahul went on to smash an unbeaten 152.
The Final Twist
In their last league match against Lucknow Super Giants, Shreyas Iyer struck a stunning unbeaten 101 off 51 balls - his maiden IPL century - helping PBKS chase down 200 in just 18 overs to win by seven wickets. It was a brilliant, poignant performance - a reminder of everything this team could have been. But it came one match too late.
PBKS finished fifth with 15 points, one point behind Rajasthan Royals, who sealed the final playoff spot. The team that had started 6-0 ended 7-7. Fans across social media labelled it a 'generational choke' - and the tag is difficult to argue against.
A Season That Will Haunt Punjab Kings
For Punjab Kings, IPL 2026 was their best chance yet at ending 18 years of hurt. In 2025, they had topped the league stage and reached their first final in 11 years - only to fall six runs short against Royal Challengers Bengaluru chasing 191.  This year, they had gone one better in the group stage, posted records, and looked a more complete side. They had the captain. They had the firepower. They had the momentum.
And then they didn't.
Head coach Ricky Ponting and Shreyas Iyer have hard questions to answer in the off-season. The batting blueprint is clearly in place. But a bowling attack that concedes at 11.71 in the death overs cannot win an IPL, no matter how many 265-run chases the top order pulls off.
The playoffs are in Dharamsala and Mullanpur. Punjab Kings built those stages. Someone else will perform on them.
