Hello Aspirant,
I hope that you are doing well.
If you have this waitlist in IIM (Ahemdabad, Ranchi, Udaipur, etc) then the chances are few, but in colleges which fall under B+ category like SIBM Pune then you have a very good chance of converting, you just need to wait to know but there a very good chances if your waitlist number is around 20 also.
So you can wait for the results as you have a fair chance of getting admission in this college.
I hope this helps.
Good luck!
Thank you
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