Can It be mandatory to possess a PAN selection to apply in an IPO? Of course, Considering that the enactment of the 2006 SEBI act, PAN has been manufactured mandatory for anybody seeking to apply for an IPO. Failure to attach a PAN range will quickly make your software ineligible. https://andrerwxrt.thenerdsblog.com/47892190/5-essential-elements-for-why-stock-market-fell-today-india