Yes, PAN is mandatory. You don’t need a trading account to apply, but you should open a demat account online, because that’s where your allotted shares will be credited. You actually don’t need a trading account to apply for an IPO. But if you get the shares and want to sell them later, that’s when a trading account becomes necessary.
No, you can’t place multiple IPO applications using the same name or PAN, even if you have different Demat accounts. If you try, all your IPO application processes might get rejected. However, your family members can apply separately using their own PAN and Demat accounts.
Yes, you need both an online demat account and a PAN card to apply for an IPO. Your demat and trading account is where the shares will be stored if you get an allotment, and your PAN helps verify your identity.
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