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How can I select specified number of profiles between a range of misfit after Inversion using Dinver. Say, I want to select 1000 profiles between a misfit range of 0.1 to 0.5. How can I do that ?

You can use gpdcreport from the command line.
Let's say that you generated the report file my.report You will get the 1000 best models with a misfit lower that 0.5. If there are more than 1000 models available you will get a random selection.
There is no option to select the minimum misfit value. If you want to implement it you have to write your own code in bash, python,... here is an example in bash: The first part extracts the index list of models in the expected range. The last command in the pipe prints the models with those indexes.