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Hi Udit,
If you are expecting 86 percentile in CAT then the chances are less to get a call from any IIMs. But you can have the chances for the colleges.
Department of Business Economics, University of Delhi
FORE School of Management, New Delhi
Great Lakes Institute of Management, Chennai (PGDM Two-Year Programme)
Institute of Management Technology, Ghaziabad
K.J. Somaiya Institute of Management Studies & Research, Mumbai
MISB Bocconi, Mumbai
National Institute of Banking & Management, Pune etc.
You can also use CAT Pathfinder Tool to check your other possibilities.
Https://bschool.careers360.com/pathfinder/cat
After CAT exam every college in which you have applied prepares a merit list for the next round to call the students of interview based on your aggregate score on various parameters such as CAT marks, 10th, 12th and Graduation percentage, Work Experience etc. whose weightage varies for all different colleges.
Good Luck!
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