For applied Physics, NIT Calicut will be a better option. You will learn how to analyze and solve real-world problems using Physics. NIT Calicut placements are good for Engineering Physics. The placement rate for the branch was around 60%. Students of the branch usually receive an average CTC of around INR 27 LPA.
IISER Pune is essentially a science institute. If you are more interested in learning the theoretical aspects of Physics, IISER will be the right place for you.