Got a raw score of 125 in iift, which is an 87 NTA score... Will I get shortlisted?Also when will the iift shortlist be released?

Hi Meghana,
There are chance to get a call from IIFT. Prepare well for the Interview.
Can't say as it is unpredictable. Please check official website for latest updates.

Chances are slim. The final shortlist should come around in 2nd week Jan, considering the past. Sectional cutoffs should be released withing a few days hopefully.