In any IPO documentation filling, we can simply find the object of the issue section. In that particular section, we can come to know that the issuer company where do the proceeds of that IPO. If the issue raises fresh capital the proceeds of the IPO go to the company. That capital is further utilised for the company’s future growth, expansion, debt reduction, etc… If the issue has an offer for sale then that capital goes to the company promoters or the existing investors.
