Hi, I've got 370 Rank in IPU CET(BJMC) & in the first round I've been given MAIMS as my College.
You have got a decent rank in IPU CET BA(JMC) and according to your rank you have a really good chance in VIPS by the sliding round. Last year the closing rank was 381 for 2nd shift in VIPS and 339 for 1st shift for an Outside Delhi General. So my advice for you would be to use float option as you may end up with VIPS if you have given it higher priority in your choice filling.
Good Luck !!