The team will be led by Gautam Gambhir and it features rookie wicketkeeper batsman Arjun Gupta, who will replace Rishabh Pant behind the stumps.
Rishabh will be on national duty for the T20 series.
However, Dhawan, who has not been picked for T20 Internationals and Ishant not in the scheme of things as far as limited overs matches is concerned, would like to make an impression before IPL auctions.
Ishant has been dumped by Rising Pune Supergiants and is without an IPL contract.