Is It mandatory to have a PAN amount to use in an IPO? Sure, Considering that the enactment in the 2006 SEBI act, PAN has become produced obligatory for anybody seeking to submit an application for an IPO. Failure to attach a PAN number will immediately make your software ineligible. https://sebi-new-rules-for-retail16245.mybjjblog.com/a-secret-weapon-for-sme-ipo-review-today-53945510