FPO stands for Follow-on Public Offer, which is a process where a company, already listed on an exchange, issues new shares to the investors or existing shareholders. This is done to raise additional capital or reduce debt, and it can be dilutive (involving the issuance of new shares) or non-dilutive (involving the sale of existing private shares to the public)
. The primary objective of an FPO is to expand the company's equity base, and it is different from an IPO, which is the initial public offering of a company's shares to the public
