An 85 percentile in CMAT is considered a good score and can make you eligible for a PGDM scholarship at GIBS Business School. GIBS typically offers scholarships to students with strong academic records or good performance in entrance exams like CMAT. With an 85 percentile, you are likely to be considered for merit-based scholarships, as it shows solid performance.
However, GIBS also looks at other factors like your overall profile, past academic achievements, and performance in the Group Discussion (GD) and Personal Interview (PI) rounds. So, while an 85 percentile in CMAT is a strong start, the final scholarship decision will depend on a combination of these factors.
It's a good idea to confirm directly with the admissions team at GIBS for the most accurate and up-to-date information about scholarship eligibility.