Can It be mandatory to have a PAN number to apply within an IPO? Yes, Considering that the enactment in the 2006 SEBI act, PAN has actually been created obligatory for anybody trying to apply for an IPO. Failure to connect a PAN range will immediately make your application ineligible. https://quarterlyresultsimpactsto49732.dgbloggers.com/42200217/getting-my-ipo-gmp-today-latest-to-work