You have heard it right. IIM Rohtak does not have the cap around anymore. You will have to apply separately for this college. It might cost about INR 2000 for the form. The college also does not have any sectional cutoffs either.

• For the General category, it is about 95%,
• 90% for EWS and
• 78% for OBC NC.

As far as salaries are concerned, the highest is INR 24 lakhs per annum and the average is INR 13.70 lakhs per annum. The average salary for the college has increased from INR 11.85 lakhs which was the case last year.

The IPM course offered by IIM Rohtak is an integrated program that includes BBA and MBA is for the students who have passed their class XII. This is a very unique and trending course. The foundational BBA course provides an edge for pursuing MBA degrees which, in turn, will help you become successful managers or leaders in the future. Also, the internship opportunity is provided right from the start of the course and will give you hands-on experience in the particular field.

Now coming to the competition, due to the limited seats offered, the competition is quite high. Usually, around 8,000-10,000 students apply during registrations, after the IPM AT, i.e. the entrance exam, only 800 students are selected for the WAT PI round. Finally, 140 students were selected to pursue the course.

Due to the uniqueness and diversified nature of the course, the competition is quite high for getting the seat.

After going through the course of Project Management outline on the internet, it is a decent certificate course. Let me tell you the reason behind making this statement.

• Syllabus - They teach everything, from financial analysis, risk management, executions, monitoring, and control. These topics should be well acquainted by a project manager.
• Faculty - The sessions are conducted by highly experienced faculty members of the college.
• Curriculum - Even after having the same course outline, IIMs stand out due to their unique curriculum. 
• Peer Learning - Being an executive course, most of the students there have work experience. This becomes an amazing networking opportunity.

The certificate provided is from a reputed institution. It is recognized nationally. As it is an industry-oriented course, you will get several opportunities and it will also add value to your resume. Try to comprehend the concepts in it and use them in your day-to-day life activities. 

My cousin is in his sophomore year, pursuing FPM at IIM Rohtak, and here is what he has to say about the course.

Course structure:
In the very beginning of your first year, you will have to attend the classes with the students from PGP. From the second year onwards, you will attend classes that are a fair mix of several PGP classes and a few subjects of your own preference.
The only point of difference both the scenarios share is that in a class with the PGP students, you will have to sit with at least 50 students, while if you are in the FPM class alone, there will be about 5 other students at a maximum.The second-year usually is packed with submissions of certain mini-thesis papers and a comprehensive viva, following which you are transported on to research. The duration provided can be of 2 years or more.
Faculty:
The faculty at the institute are supportive and experienced. Every student secures a hand of support whenever required and obtains guidance from the very beginning of the first year. You can change your guide, from the second year, as per your choice.
Campus:
The main campus is yet under establishment.IIM Rohtak, at present, is operating from Maharishi Dayanand University. Other than that, the rooms you can avail of, have sharing policies and do not support family accommodation.
Career Exposure:
Following your studies, you can either go on to become a researcher or an academician. According to the recent placement highlights the average CTC offered at the institute is around 13 LPA. You can check the detailed placement stats of the institute, on the official website.
Here is a detailed outlook of the institute. Hope this helps you understand better.

There is only one batch as of now who are currently in 2nd year. Considering the situation of COVID-19, students might not receive placements for at least 4 years. You cannot necessarily point out companies and anticipate their preference towards PGPs.

Even if the recruitment takes place, the process will be as follows:

• IPM students only get placed after their MBA, following the PGPs. The same companies will recruit you whether you have entered through CAT or IPM. Only your academic credentials will be taken into consideration.
• You will have average to best placement, given your academic backdrop in both graduation and PGP, as opposed to the students of CAT.
• Students who enter via CAT usually get serious after 2 years of their studies. There are students who indeed pursue their graduation from several institutes that are not highly spoken about and choose to study Engineering or Commerce.
• In contrast, IPM carries a very rounded curriculum vitae, supporting their thoughts to reach beyond accounting or economics and similarly helping them construct an accurate amount of mindset in every individual field.

If you have pursued BBA from IIMR, then you will remain several steps higher than someone who studied in a college not greatly renowned. There are very few chances that an IPM student would be placed lower than PGP. It might be a little less, but this is seldom seen.