Hi,
As you said you are not satisfied with your marks, I would suggest that if you had scored atleast 60% marks(for general) and 55%(for SC/ST) in your 12, you can apply for IPM IIM exam. Then during the interview you can mention them that you are giving improvement exam in case they ask you about your marks and all will be fine. In case you have not met the eligibility criteria marks, it would be a gamble for you if your improvement results are not out before the interview. So think wisely before applying.
The eligibility criteria also requires you to be of 20 years for gen and 22 years for SC/ST/PwD categiries respectively.
The application form will be available online. You need to fill up the details and upload the scanned documents and pay an application fee of Rs. 1400 for gen/OBC and Rs. 700 for the rest via net banking/credit/debit card.

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