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No, you don't have to apply for every IIM separately if you are applying for the PGP courses through your CAT score. Ticking the IIMs at the time of registration is enough. If you have qualified the CAT cutoffs of IIMs you can 'expect' a call, however, CAT score is not enough to get a call.
IIM shortlists candidates for second stage of selection which may be independent of each other. The process may include Written Ability Test (WAT), Group Discussions (GD) and Personal Interviews (PI). Performance in CAT 2014 examination is an important component in the admission process.
IIMs may use previous academic performance of the candidates, relevant work experience and other similar inputs in short listing and ranking of candidates at various stages of the admission process. The processes, academic cut-offs and the weights allocated to the evaluation parameters may vary across IIMs. For more information you may refer the admissions policies of IIMs from their respective websites.
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