First of all, you cannot get into FMS through GMAT. Only CAT Scores are accepted by FMS for admission.
Although for Foreign Students (FS), you can get in via GMAT. You should score at least 650.
The merit list shall be prepared on the basis of the total percentile rank and sectional percentile rank scores declared in the result of the CAT. At least a 50 percentile rank score in each section of the CAT is required by a candidate to qualify for being short-listed in Group Discussion and Interview.