What is an FPO i.e follow on public offering?
A follow-on public offer (FPO) is an issuing of shares to investors by a public company that is already listed on an exchange.
An FPO is essentially a stock issue of supplementary shares made by a company that is already publicly listed and has gone through the IPO process. FPOs are popular methods for companies to raise additional equity capital in the capital markets through a stock issue.
The application process is similar to that of IPOs and has to be done through ASBA.