First thing first, DON'T go by the college name..all colleges give you an IPU degree.Rather go as per your interest else 4 years will be a shear wastage of time. You do hold the chance to get vips.
Explore your interests, check out for yourself which field interests you more.
As far as the placements are concerned; 3.25lpa is an average package any IPUite can easily grab ,irrespective of the stream...