How good is IPM at IIM Indore in terms of ROI (return of investment)?

My brother is a student of IIM Indore and according to him, the IPM program offered by the institute is not that good. Also, no other IIM offers IPM, which does say something about the course. 

Compared to the course fees, the average package offered to the students is less. So the ROI for the IPM program is not that great. Here is a brief outline of the IPM program. 

Also, you will not receive any proper undergraduate degree instead you get only an IGNOU degree which holds no value.