Based on your academic profile you have less chances to get into top IIMs.
IIFT is one of the BSchool in India which does not give much weight age to your past academics. If you have the basic qualification and clear written,GD,PI and Essay writing you are through.

So even if you get 99 percentile in CAT then also you will have to be excellent in your interview rounds so that their attention is much more on your caliber and less on your past  academics.

Generally there are 2 rounds after the exam that is written and extempore, PI. It varies in all.

Give previous year papers and attempt mocks. Analyse your weak areas accordingly. Also do not skip the portion until and unless to decide to leave that part. But avoid it mostly.

Hope this helps. Good luck.

You should take mock first afterwords decide what to do!

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