Dear aspirant, yes ofcourse you can take admission in IP University after clearing compartment. Many students have this doubt. If you fail to clear the compartment then as per the university rules you application won't be treated.

Other than IP University there are many colleges that accepts students who clear their compartments. 

So, clearing the compartment is the must to be eligible to take admission. 

All the best :)

Feel free to ask for any query.