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What are the prerequisites to pursue an SAP module?

To take any Functional module, you need to have a minimum of 2-3 years of industrial experience in the relevant business function. To take the technical module of SAP you need to be strong in programming concepts. Generally recommended to people with minimum 1-2 years of technical experience.
A candidate should also possess professional qualifications like BE/ B.Tech / MBA/CA or equivalent credentials.

Does SAP provide placements after successful completion of training?

SAP does not guarantee placements but SAP and its education partners inform candidates about the opportunities available in companies who have a requirement for SAP certified consultants.