Could It be mandatory to have a PAN quantity to use in an IPO? Yes, Considering that the enactment from the 2006 SEBI act, PAN is made mandatory for anybody trying to submit an application for an IPO. Failure to attach a PAN number will instantly make your application ineligible. https://traviskvufc.ampblogs.com/facts-about-stock-market-weekly-recap-india-revealed-78692994