⚠ BETA — all market data shown (deals, filings, prices, indices) is demo / illustrative, not live trading data. For evaluation only; verify before acting.
June 14, 2026
The Dispatch

Definition

Objects of the Issue

The objects of the issue are the stated purposes for which a company will use the money raised in the fresh-issue portion of an IPO.

The offer document must spell out the objects of the issue — for example repaying debt, funding capacity expansion, meeting working-capital needs, or general corporate purposes. SEBI caps the proportion that can be allocated to vaguely defined 'general corporate purposes'.

After listing, the company must disclose how the funds were actually deployed against the stated objects, and the audit committee monitors any deviation. Investors read this section to judge whether the capital is being put to productive use.

Related terms

  • Fresh IssueA fresh issue is the part of an IPO where the company creates and sells new shares, raising capital that goes onto its balance sheet.
  • Audit CommitteeThe audit committee is a board sub-committee that oversees financial reporting, internal controls, audits and related-party transactions.

Plain-English explainer from The Dispatch Investors Encyclopedia. General information, not financial advice.