Firstly, ask yourself, why you wish to pursue IPM at IIM Indore. If you are interested in management but are coming from a not so financially well background, you should not consider IPM for management. But if you really want to pursue that particular course, you can opt for it.
IPM isn't easy to get into. It has one of the lowest returns on investment (ROI) among the top 20 or 30 B-schools. Your total course fee may be over 30 lakhs, but an MBA will cost 14 lakhs, and you will gain a superior understanding of management if you choose to pursue it.