Yes, your NEST 2025 rank of 470 is quite competitive for getting admission into CEBS Mumbai. In previous years, CEBS has admitted students with ranks even beyond 500 in later rounds, depending on the availability of seats and withdrawals. So with your rank, you definitely stand a good chance, especially in Round 1 itself.
Also, keep in mind:
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You must fill out the CEBS-specific admission form after your NEST result.
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Be ready with your documents like Class 12 marksheet, NEST scorecard, ID proof, etc.
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Fee structure is also subsidized due to DAE support and scholarships are available for meritorious students.
So yes, you are in a good position for CEBS Mumbai admission. Just follow the official admission updates and don’t miss the deadlines.