IPMAT Fees Structure and Scholarship 2027 [IIM Indore & IIM Rohtak]

Looking for the IPMAT fee structure for 2027? This guide breaks down IPM fees institute-wise (tuition, hostel, mess, deposits), shows year/term-wise instalments where available, and lists scholarships/financial aid with official brochure links so you can estimate your total 5-year cost accurately.

IPMAT is the entrance route to IPM programs at multiple IIMs. Below you’ll find the 2027 IPMAT exam fees, total 5-year cost, year-wise instalments, domestic vs international fees, scholarship/loan options, and a quick comparison table for all major IPM colleges.

The Integrated Program in Management (IPM) is a prestigious course for students who have completed 10+2 and seek a career in management. Launched by IIM Indore in 2011, it offers a B.A. Foundations in Management, followed by a Master's in Business Administration (MBA).

Admission to IPM is based on the Integrated Program in Management Aptitude Test (IPMAT). This 5-year course usually sees around 30,000 applicants competing for 150 seats at IIM Indore.

Are there scholarships available? What is the fee structure for IPM at IIM Indore? Is it affordable? This article answers these questions about the IPMAT fee structure 2027 and more.

Download Free Study Materials for IPMAT 2027

IPMAT Fees Structure 2027: IIM Indore (UG+PG)

Indian students selected through IPMAT will have to pay 17,05,133 for the first three years of the UG program (B.A. Foundation in Management). For the remaining 4th and 5th years of IPM (MBA), you will have to pay 21,17,158.

Let's understand IIM IPMAT fees in more detail via the following table:

Note: The IPMAT fees structure for the final two years will be adjusted to match the MBA program fees set at that time. 

The IPMAT exam fee structure for students outside the country (i.e., international applicants) is INR 45,81,195/- for all 5 years. 

• The fourth- and fifth-year IPMAT fees will be the same as for students taking the Postgraduate Program in Management (PGP).
• Students will have to pay the same amount for their PGP program as they will at that time. 
• The IPM course fees include all other facility fees, such as lodging, access to lecturers, internet access, and the library.
• The IPMAT fee structure also includes accommodation fees.
• For the first 3 years, IIM Indore provides accommodation to students on a sharing basis; for the last 2 years (fourth and fifth years), it provides single-room accommodation.

View the tables below for the exact IPMAT fees at IIM Indore in the official Brochure.

For Domestic Participants (Applied through IPMAT)

Below is the IPMAT fee structure for Indian national candidates:

AY 2026–27 — IPM-I Domestic Students

Fee Head	Amount
Course Fee	₹6,00,000
Refundable Caution Deposit	₹50,000
Mess Deposit	₹54,000
Total for AY 2026–27	₹7,04,000

Term-wise payment:

Term	Course Fee	Mess Deposit	Total
Term-I	₹2,00,000	₹18,000	₹2,18,000
Term-II	₹2,00,000	₹18,000	₹2,18,000
Term-III	₹2,00,000	₹18,000	₹2,18,000
Caution Deposit	₹50,000	—	₹50,000
Total	₹6,50,000	₹54,000	₹7,04,000

AY 2027–28 — IPM-II Domestic Students

Fee Head	Amount
Course Fee	₹6,00,000
Refundable Caution Deposit	₹50,000
Mess Deposit	₹54,000
Total for AY 2027–28	₹6,54,000

Term-wise payment:

Term	Course Fee	Mess Deposit	Total
Term-IV	₹2,00,000	₹18,000	₹2,18,000
Term-V	₹2,00,000	₹18,000	₹2,18,000
Term-VI	₹2,00,000	₹18,000	₹2,18,000
Total	₹6,00,000	₹54,000	₹6,54,000

AY 2028–29 — IPM-III Domestic Students

Fee Head	Amount
Course Fee	₹6,00,000
Refundable Caution Deposit	₹50,000
Mess Deposit	₹54,000
Total for AY 2028–29	₹6,54,000

Term-wise payment:

Term	Course Fee	Mess Deposit	Total
Term-VII	₹2,00,000	₹18,000	₹2,18,000
Term-VIII	₹2,00,000	₹18,000	₹2,18,000
Term-IX	₹2,00,000	₹18,000	₹2,18,000
Total	₹6,00,000	₹54,000	₹6,54,000

3-Year AY-wise Summary — Domestic

Academic Year	Programme Year	Course Fee	Caution Deposit	Mess Deposit	Total
2026–27	IPM-I	₹6,00,000	₹50,000	₹54,000	₹7,04,000
2027–28	IPM-II	₹6,00,000	₹50,000	₹54,000	₹6,54,000
2028–29	IPM-III	₹6,00,000	₹50,000	₹54,000	₹6,54,000

Best Preparation Strategies from IPMAT and BBA Toppers

Note: The ₹50,000 caution deposit is refundable subject to the institute's stated conditions. Absolutely — continuing with the International Students AY-wise breakdown: AY 2026–27 — IPM-I International Students

Fee Head	Amount
Course Fee	₹9,00,000
Refundable Caution Deposit	₹50,000
Mess Deposit	₹54,000
Total for AY 2026–27	₹10,04,000

Term-wise payment:

Term	Course Fee	Mess Deposit	Total
Term-I	₹3,00,000	₹18,000	₹3,18,000
Term-II	₹3,00,000	₹18,000	₹3,18,000
Term-III	₹3,00,000	₹18,000	₹3,18,000
Caution Deposit	₹50,000	—	₹50,000
Total	₹9,50,000	₹54,000	₹10,04,000

AY 2027–28 — IPM-II International Students

Fee Head	Amount
Course Fee	₹9,00,000
Refundable Caution Deposit	₹50,000
Mess Deposit	₹54,000
Total for AY 2027–28	₹9,54,000

Term-wise payment:

Term	Course Fee	Mess Deposit	Total
Term-IV	₹3,00,000	₹18,000	₹3,18,000
Term-V	₹3,00,000	₹18,000	₹3,18,000
Term-VI	₹3,00,000	₹18,000	₹3,18,000
Total	₹9,00,000	₹54,000	₹9,54,000

AY 2028–29 — IPM-III International Students

Fee Head	Amount
Course Fee	₹9,00,000
Refundable Caution Deposit	₹50,000
Mess Deposit	₹54,000
Total for AY 2028–29	₹9,54,000

Term-wise payment:

Term	Course Fee	Mess Deposit	Total
Term-VII	₹3,00,000	₹18,000	₹3,18,000
Term-VIII	₹3,00,000	₹18,000	₹3,18,000
Term-IX	₹3,00,000	₹18,000	₹3,18,000
Total	₹9,00,000	₹54,000	₹9,54,000

3-Year AY-wise Summary — International Students

Academic Year	Programme Year	Course Fee	Caution Deposit	Mess Deposit	Total
2026–27	IPM-I	₹9,00,000	₹50,000	₹54,000	₹10,04,000
2027–28	IPM-II	₹9,00,000	₹50,000	₹54,000	₹9,54,000
2028–29	IPM-III	₹9,00,000	₹50,000	₹54,000	₹9,54,000

Prepare with Online Lectures for IPMAT 2027 

Comparison of IPMAT Fees in India (Approximate)

Older IIMs Indore and IIM Rohtak are more established in IPM and usually the first choice for aspirants.

Newer IIMs (Ranchi, Jammu, Bodh Gaya, Amritsar, Shillong) have introduced IPM recently, offering IIM branding at similar fee structures.

Private universities (NIRMA, TAPMI, NALSAR) offer much lower fees while still providing strong management education.

The IIM tag ensures strong placements, but ROI varies based on the institute's reputation and corporate connections.

Institute	Estimated IPMAT Exam Fees(5 Years)	Remarks
IIM IPMAT Indore Fees	₹35-38 Lakhs	The pioneer of IPM in India, strong placements, and top brand value.
IIM IPMAT Rohtak Fees	₹34-36 Lakhs	Second, IIM to launch IPM, a well-structured program with good industry exposure.
IIM IPMAT Ranchi Fees	₹33-35 Lakhs	New entrant in the IPM space; leveraging the IIM brand to attract students.
IIM IPMAT Jammu Fees	₹32-34 Lakhs	New-gen IIM, gradually building its IPM program with government support.
IIM IPMAT Bodh Gaya Fees	₹32-34 Lakhs	Offers IPM with a focus on holistic development, increasing visibility.
IIM IPMAT Shillong Fees	₹35-37 Lakhs	The IPM program was recently introduced; the unique advantage of NE India exposure.
IIM Amritsar Fees	₹33-35 Lakhs	Rising IIM launched IPM with a focus on leadership and industry collaboration.
NIRMA University Fees	₹16-18 Lakhs	Private university in Ahmedabad; lower fees compared to IIMs.
TAPMI (Manipal) Fees	₹15-17 Lakhs	Known for management education, IPM is relatively new but backed by a strong MBA reputation.
NALSAR University Fees	₹8-10 Lakhs	Primarily a law university, its IPM (BBA+MBA) program is affordable.

IPMAT Scholarship Program 2027

The Scholarship Program offered at the IPMAT college is given below: 

Need-Based Financial Assistance (NBFA)

The Need-Based Financial Assistance (NBFA) at IIM Indore is designed to ensure that no participant is deprived of education due to financial constraints. This scholarship program is available to students enrolled in the Post Graduate Program in Management (PGP), Integrated Program in Management (IPM), and Post Graduate Program in Human Resource Management (PGPHRM).

NBFA Amount for Current Financial Year

The NBFA (Need-based Financial Assistance) scheme provides financial assistance for the IPMAT fee structure based on family income and the family's movable assets.

The table below shows all the details.

S No.	Family annual Income from all sources per annum Rs.	Any other condition which will be considered before sanction and render the participant ineligible	NBFA educational loan interest reimbursement	Other Benefits
1.	Up to Rs. 4,50,000​	Ownership of more than one building (residential/commercial), movable assets like FDs and shares more than Rs. 10 lakhs​	100% of interest reimbursement of the educational loan amount actually withdrawn from the bank for paying the fees​	Rs. 4500/- per month for 10 months towards mess fee reimbursement in a year​
2.	Rs. 4,50,001 to Rs. 12,00,000​	Ownership of more than one building (residential/commercial), movable assets like FDs and shares more than Rs. 10 lakhs​	50% of educational loan interest reimbursement​	NIL

IPMAT Education Loan and scholarship

Eligibility Criteria for NBFA

The NBFA is available to students who meet the following conditions:

• Economically Weaker Sections (EWS): Participants admitted under the EWS quota are eligible for NBFA. Those who applied under the EWS quota but secured admission through general or any other quota are also eligible.
• Reserved Categories: Applicants from SC, ST, OBC, or physically handicapped categories who meet the financial criteria can apply for the NBFA

The main objective of the Need-Based Financial Assistance (NBFA) at IIM Indore is to ensure that no participant is deprived of education at the institute for financial reasons.

NBFA Application Process

The application for the NBFA involves several key steps, as outlined below:

• Form Submission: Applicants must complete and submit the NBFA application form, which includes sections for personal and financial information, for verification and signature by the applicant and their guardian.
• Financial Assessment: The NBFA Committee conducts an initial review of the submitted forms to assess financial need.
• Personal Interaction: Selected applicants may be called for personal interaction to further evaluate their financial situation and the authenticity of their application.

Merit-based Awards Under NBFA

In addition to financial assistance, IIM Indore encourages academic excellence through merit-based awards. NBFA recipients who excel academically are eligible for additional awards equivalent to tuition fees. The allocation of these awards is as follows:

Program	Year	Number of Awards
PGP	I	3
PGP	II	3
IPM	I	1
IPM	II	1
IPM	III	1
PGP HRM (PGPHR)	I	1
PGP HRM (PGPHR)	II	1

Attempt All India Scholarship Test by SuperGrads

Scholarships and Financial Assistance at IIMs and Other Institutes

IIM Ranchi's Merit Cum Means Scholarship

IIM Ranchi has introduced the Merit Cum Means Scholarship Program to support 25 students annually. The scholarship is available to students in the MBA, MBA-Business Analytics, MBA-Human Resources Management, and Integrated Programme in Management (IPM) at the institute.

The total scholarship fund is approximately Rs. 1 crore annually, distributed among the selected students to significantly reduce their financial burden.

IIM Bodhgaya's Scholarship

The Need-Based Financial Assistance (NBFA) scheme at IIM Bodhgaya ensures students in the Integrated Programme in Management (IPM) aren't deprived of education due to financial constraints.

Process: The NBFA Committee uses a two-step process to determine the number of awardees and the amount of aid:

• Stage I: The Committee assesses financial need through an application.
• Stage II: Selected participants may meet with the NBFA Committee.

Financial Assistance Cap: Assistance is capped at the Tuition Fee for the academic year and awarded as a percentage based on family income.

Eligibility and Application: Students must apply with a prescribed form and required documents, available at the IPM Office. Awards are based on family income and disciplinary records.

Nirma University's Merit Scholarship

Nirma University offers merit-based scholarships up to Rs. 2,00,000 per annum to top-performing students, with additional scholarships available based on family income under the Merit Cum Means category.

Sr. No.	Admitted Under All India Category	Admitted Under Gujarat State Category	Amount (Rs./per annum)
1	Top 05 students	Top 02 students	2,00,000/- each
2	Other 03 students	Other 01 student	1,50,000/- each
3	Another 07 students	Another 02 students	1,00,000/- each

New Scholarship Scheme of IIFT

Coverage and Amount: The new scholarship scheme at IIFT covers 10% of students in all full-time/regular degree courses and provides 20% of the IPM tuition fee as the scholarship amount.

Eligibility Criteria: The scholarship is based on a "means-cum-merit" criteria, with 70% weightage given to financial need (means) and 30% to academic performance (merit). Family income must be less than Rs. 8 lakhs per annum, with potential for revision.

Disbursement: Scholarships are disbursed after the successful completion of the program. MBA (IB), MBA (BA), and MA (Eco.) students receive it upon program completion, while IPM students get it after completing both BBA and MBA.

Exclusions: Students receiving equivalent or higher scholarships from other sources are not eligible. If the other scholarship is less, this scheme will cover the balance amount.

Evaluation Committee and Scoring: A committee consisting of senior faculty, administrative officers, and a student representative evaluates and recommends eligible students based on a scoring system:

Income (Means): Up to Rs. 5 lakhs scores 100%, Rs. 5-6 lakhs scores 90%, Rs. 6-7 lakhs scores 80%, Rs. 7-8 lakhs scores 70%.

CGPA (Merit): 3.50 or more scores 100%, 3.00-3.49 scores 90%, 2.50-2.99 scores 80%, 2.00-2.49 scores 70%.

If eligible students exceed available scholarships, those with higher scores are prioritised. The scheme is effective from AY 2023 onwards.

IIM IPM Indore Course 2027

Click to Attempt Free Mock Test for IPMAT Prep

Other Scholarships Offered by Private Corporations at IIM Indore

1. Aditya Birla Scholarship- 

• This scholarship is awarded to academically strong first-year students, and they can continue receiving it in the second year as well if they rank among the top 25 students based on first-year CGPA.  
• 1 or 2 students may receive this scholarship.  
• The amount received will be INR 1,75,000 per year. 

2. OPJEMS Scholarship- 

• The top 20 students from the second year, based on their first-year CGPA, are eligible to apply for this scholarship.  
• They must clear a written test and sit for a personal interview. 1 or 2 students may receive this scholarship. The amount is INR 1,25,000. 

3. State Bank of India Scholarship-

• This is a merit-based scholarship provided by SBI annually, provided a student qualifies.  
• The amount given is INR 1,50,000. 

4. Eicher Scholarship- 

• This is a merit-based scholarship awarded to a deserving student for INR 50,000 every year. 

All these scholarships are valid for the 5-year integrated course for almost all IIMs.

IPM is costly; don't blindly opt for it without knowing the IPMAT Fee Structure and Scholarship programs. The IPMAT coaching fees are very high compared to all other colleges.

However, banks offer loans at lower interest rates. Lastly, scholarship programs allow students to pursue their dreams regardless of their financial circumstances.

Free Demo Classes to Prepare for IPMAT 2027 Exam

Conclusion

IPMAT Fees Structure: The IIM Indore IPM program costs INR 17.14 lakhs for Indian students and INR 24.64 lakhs for international students over 3 years, including amenities like lodging and internet.

Need-Based Financial Assistance (NBFA): NBFA ensures no student is deprived of education due to financial constraints, with eligibility based on family income below INR 9 lakhs per annum.

Scholarship Options: Scholarships available include the Central Sector Scholarship for SC/ST students, Minority Welfare Scholarship, and merit-based scholarships from private corporations, offering awards from INR 50,000 to INR 1.75 lakhs per year.

Accommodation: As highlighted in the IPMAT fee structure, students share accommodations for the first three years and have single rooms for the last two years.

Comprehensive Support: Financial assistance and scholarships cover IPMAT exam fees and living expenses, making the program accessible to students from various economic backgrounds.