Can It be mandatory to possess a PAN amount to use in an IPO? Sure, Considering that the enactment of your 2006 SEBI act, PAN has been made obligatory for any person looking to apply for an IPO. Failure to attach a PAN range will quickly make your application ineligible. https://manuelfadyn.thelateblog.com/42116062/ipo-analysis-india-options