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1. Sivasubbusn   I Like It. |Report Abuse|  Link|May 22, 2009 9:16:38 AMReply
Hi,

You have open the demat accounts as many you want but Your IPO applications will be summarily rejected when you apply from different demat accounts (Morethan one) which are having same PAN Number.

So, it is advised to have only one demat account or Keep as many you want for your convenience. But file IPO application from only one account of your choice.

Hope it clarifies.

Thanks - Siva