Yes, it has.
The institution is Cluster Innovation Center, University of Delhi with only 1 stream of 'IT and Mathematical Innovation'. You can do a bit more research about it on quora and allaboutcic.com
Candidates have to appear for DUET examination from which 40 students are selected for first list. Exam is based on Mathematics and Logic only.
I am currently a student here where you want to rank it is very subjective, we do not have a placement cell because that is the motive of this college, and startup culture is very much promoted moreover many people opt to go for MS Abroad, every year students go to amazing places for MS and MBA like Oxford, Trinity, Peking etc.and people get really good off campus placements too who go for it, It is a fairly new college started in 2011 and thus not many people know about it. I personally had a rank of 9813 in JEE Mains last year and yet opted for this places and so far I am loving it, Though be caution it is not for everyone it very much suits an introvert not so social guy like me who has already made mind for Masters, but if you expect large pool of students bunch of society, clubs etc. Life is good here, attendance is not bothered, teachers support most of the time if you are working on something not aligned to course. Also not a relevant statistic but CIC has highest GSoC per student ratio, and I am selected too for this summer.
If you are comparing it with NIT Allahabad, then no it is not as good as MNNIT but I honestly considering all things rank it after top 5-6 NITs.