Shetty was always seen cheering her team from the stands during the previous editions of the cash-rich cricket league.
Her doctors have reportedly advised her to take rest at home and travel less.
She had tweeted to IPL-winning former Rajasthan Royals skipper Shane Warne, "Miss you too Warnie, me too lookin fwd to IPL 5..dunno how many matches am gonna be able to go for..I am 7months preggars..:) :)"
The actor is likely to deliver her baby in May.
It was in December that Shetty confirmed her pregnancy.
The Bollywood beauty married to businessman Raj Kundra in 2009.