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Admission to the Indian Institutes of Management (Iims) is highly competitive, and the selection process involves several factors, including academic performance, work experience, and performance in the Common Admission Test (CAT). While academic performance is an important factor in the selection process, it is not the only factor. The Iims also take into account the overall profile of the candidate, including work experience, extracurricular activities, and performance in the CAT. That being said, a 54% percentage in 12th may be a bit low to meet the minimum eligibility criteria for some of the Iims, which usually require a minimum of 50-60% aggregate marks in graduation or post-graduation. However, this also depends on the specific IIM and the programme you are applying to. It is important to note that CAT scores play a significant role in the selection process, so if you have a strong performance in the CAT and a well-rounded profile with good work experience and extracurricular activities, you may still have a chance of getting a call from the Iims. My suggestion would be to focus on preparing well for the CAT and also try to build a strong profile that showcases your skills, achievements, and potential to succeed in a challenging academic environment.