The only team to lose an IPL final by just 1 run is the Rising Pune Supergiant (RPS) in IPL 2017 against Mumbai Indians (MI).
Key Details of IPL 2017 Final:
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Match: Mumbai Indians vs Rising Pune Supergiant
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Date: May 21, 2017
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Venue: Rajiv Gandhi International Stadium, Hyderabad
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Final Score:
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Result: Mumbai Indians won by 1 run
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Player of the Match: Krunal Pandya
This remains the closest IPL final in history, with Pune falling just short in their chase despite a strong innings from Steve Smith (51 off 50 balls).
Would you like details on other close IPL finals?