Is pan number required for NRI to purchase public issue shares?

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Yes PAN Card (Permanent Account Number) is mandatory for NRI to invest in the stock market in India and to invest in IPO's.

PAN is mandatory to open an NRI Demat Account with the stockbroker. The Demat account is required to invest in IPO or transact in shares in India.

Topic: NRI IPO Investment in India Article

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