The waiting list movement of FORE varies each year. There are many factors that influence the waiting list movement, i.e. general cutoff trends in other colleges, new IIM waiting list movement, etc.
Usually, for tier-II colleges like FORE, around 50% of the waiting list gets clear. But, there are no ways to be certain about the waiting list movement. For some academic years, the waiting list didn’t move at all, in the past.
When a student is converted and takes admission to the college, the waitlist of the college gets affected. A student takes an admission when he/she gets completely sure of the reputation and other fields. It depends totally on the converted candidate.
This is something I knew about the waitlists at the FORE School of Management and how they function. Make sure to do proper research before committing to anything.