Can I apply for an IPO for my friends PAN details in my Demat account?

No, you cannot apply for IPOs with someone else's PAN details in your Demat account. First, a PAN card and a Demat account are linked because a person must provide PAN details when opening a Demat account. Second, this is illegal and can have serious financial and legal consequences for both you and the person whose PAN details you are using. You must always use your personal information when applying for financial transactions or investments. In addition, it is important that you always obtain the person's consent before using their personal information. Note: PAN Number is mandatory to open a demat account. Only 1 IPO application can be submitted under an individual name (i.e. unique PAN number).