Every year, the movement of the IIM waitlists causes a commotion among students who have applied for admission to the IIMs. There are approximately 4000 seats available across the 20 IIMs. Another group of chosen candidates is kept in line after the initial list of chosen candidates is released publicly in case any candidate decides not to take a seat. The waitlist movement in IIMs and a few top MBA schools varies by category. The general category is extremely stringent, whereas the SC, ST, OBC, and PwD categories have some leeway.
The waitlist is kept confidential at IIM Lucknow. The merit list is instead released to the public. To secure a spot on the merit list, a student must meet the minimum requirement of 12 out of 40 in the PI round.