Final merit list will be out in March which will consist of the candidates passed as per their rank for the seats in IIFT both Delhi and Kolkata. But there will be a waiting list prepared because most of the the candidates get selected for IIFT final merit list will be waiting for the the results of IIMs, XIM,etc. Once that list is out of this prestigious institutes many candidate will live those place. Final rank will only be prepared after that and many candidates will be placed in waiting list according to it. April you will that the waiting list of the candidates who are kept under it.

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