August 3: Online insurance aggregator PolicyBazaar aims to raise up to Rs 6,017.5 crore through its initial public offering ( IPO ), according to the preliminary documents filed by the company with capital markets regulator Sebi. The offer consists of fresh issuance worth Rs 3,750 crore and a Rs 2,267.5-crore offer for sale (OFS) by a clutch of existing shareholders, including SoftBank and the firm's co-founder and group CEO Yashish Dahiya. While SoftBank plans to sell shares worth up to Rs 1,875 crore, Dahiya along with co-founder and group CFO Alok Bansal, collectively aims to sell shares worth up to Rs 345 crore, according to the draft red herring prospectus (DRHP). The company also said it may consider a Rs 750-crore pre-IPO placement of stock. PolicyBazaar joins a bunch of local start-ups that are looking to go public in the coming months.