iift cut off doubts

Hi guys..I have a doubt..around 60K are writing IIFT and the seats are around 300. lets say 20000 clears the cut off, will all the 20000 will be called for next round ? or some 1000s...if so what is the score that I have to aim for to get shortlisted

can any 1 tell the cutoff  of iift 2016 exam