As per lasy year, it was like this: PGPM - 638 PGPHR - 1175 PGPIM - 1182
This year, due to FMS, IITs joining CAT; and somewhat increase in seats for new IIMs (if some candaidates opt for them over IIM), there is a chance for your rank of 1271 to convert IM.
However, it cannot be predicted exactly. The best thing would be to wait till new IIMs results which may be out in first week of May and then go for resignation. Also, check if you resign now; will you be allowed to take it back after 2 weeks if needed. In case, you do not get a convert; you may be allowed to take back your resignation.
Are these merit rank or waitlist no??
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