There is only one batch as of now who are currently in 2nd year. Considering the situation of COVID-19, students might not receive placements for at least 4 years. You cannot necessarily point out companies and anticipate their preference towards PGPs.
Even if the recruitment takes place, the process will be as follows:
If you have pursued BBA from IIMR, then you will remain several steps higher than someone who studied in a college not greatly renowned. There are very few chances that an IPM student would be placed lower than PGP. It might be a little less, but this is seldom seen.