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Hi Samidha,
IIST is Indian Institute of Space science and Technology , Thiruvananthapuram . It has courses in Avionics, Aerospace Engineering and Physical Sciences.
ISAT is the exam that is conducted for entrance in IIST . Exam is usually help in April. This year it was conducted on !6th of April .
You can check the below link for details
http://www.iist.ac.in/IIST/
Feel free to post is as many doubts you have we wud be happy to help.
All the Best !!!
Regards
Anshul
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