From January 2018, the Indian Institutes of Management Act 2017 became effective. Students get a Bachelor of Arts (Foundations of Management) and a Master of Business Administration (under the Dual Degree Program) from IIM Indore at the end of the five-year Integrated Program if all program requirements are met.
You can also drop out of IPM after three years. IIM Indore will award them a BA degree. Note that although the degree offered is a BA, the course format includes a significant amount of math.