It was a double delight for Pant, who also received the Stylish Player Award.
Pant ended as the second highest run-getter in the tournament with 684 runs from 14 games.
Sunil Narine also picked up two awards — Super Striker and Valuable Player.
Among other awards, Sunrisers Hyderabad skipper Kane Williamson (735 runs) got the Orange Cap while Kings XI pacer Andrew Tye (24 wickets) got the Purple Cap.
Kiwi Trent Boult got the Perfect Catch award for his stunning one-handed catch of Royal Challengers Bangalore skipper Virat Kohli.
Defending champions Mumbai Indians, who could not make it to the play-offs, were given the Fairplay Award.
Man of the Match (Final): Shane Watson
Orange Cap (Most Runs) : Kane Williamson
Purple Cap (Most Wickets) : Andrew Tye
Emerging Player: Rishabh Pant
Stylish Player : Rishabh Pant
Perfect Catch: Trent Boult
Super Striker: Sunil Narine
Valuable Player : Sunil Narine
Fairplay Award: Mumbai Indians