Dhyan, you haven't mentioned your Category. But to be honest with you, the old IIMs need a minimum cut off of 95 percentile to be shortlisted for further rounds. The baby IIMs will need atleast 90 percentile. This is for the General Category. For reserved Categories, you will need atleast 90 percentile for the old IIMs and 85 percentile for the new IIMs. Now CAT score is not the only score that is considered while being shortlisted for the WAT and PI rounds. Now if you look at IIM K, the criteria to be shortlisted will be as follows:

And not everyone who gets this score is shortlisted for the next rounds. There is a specific number of Candidates that are shortlisted for the further rounds based on the seat intake of the particular IIM. For example, IIM A considers only these many Candidates per Category:

UR: 100

NC-OBC, Trans: 57

SC: 32

ST: 16

PWD: 6

Now to be in this list, to be honest with you, 86.28 percentile unfortunately isn't enough.

hi,

see cutoff score depends on various factors like number of participants, seat matrix, candidates category, question difficulty level etc. as per your score you have less chances for iims if you are from general category. you may check previous years iims cut off from below link,

https://bschool.careers360.com/articles/cat-cutoff

as per your score you have chances for below mention colleges,

VGSoM, IIT Kharagpur

DMS, IISc Bangalore

TAPMI, Manipal

K J Somaiya Institute of Management Studies and Research, Mumbai

Goa Institute of Management

Lal Bahadur Shastri Institute of Management, New Delhi