I have given the preference order of the above-mentioned B Schools. However please remember this is based on my personal opinions and not any official figures

1st: NMIMS is one of the best schools in Mumbai with fewer fees and great specialization in Finance. Its distinguishing feature is its small batch size which is extremely beneficial for excellent placements. The companies that visit offer the best roles to their students mainly because of their credibility and strong alumni network.

2nd: SPJIMR too is located in Mumbai and is the second-best School after JBMINS. Its students intake is very good due to the strict selection process. The placements are at par with JBIMS but the fees are a bit higher. It's ranked in the top 3 in Operation and IT specialization in India.

3rd: One of the oldest institutes for MBA, IIFT is a good choice owing to its strong brand name and small batch size.

4th: SIBM Pune is a blend of everything; a Good campus, good corporate competition, hostel life, good infrastructure, faculty, and placement. It gives you an amazing MBA experience l.

5th: NMIMS Mumbai is great for MBA and is at par with SIBM. But I have ranked it the last owing to its high fees and larger batch size that requires a lot of competition during placements.

So the ranking is

NMIMS>SPJIMR>IIFT>SIBM Pune>NMIMS Mumbai