Follow On Public Offer (FPO)
When an already listed company makes either a fresh issue of securities or an offer for sale to the public, it is called a FPO. Unlike IPO, the purpose of FPO is to make additional funds available from the public for the purposed of expansion or diversification of business.
In an FPO, shares are issued in following ways:
Promoters dilute their stake by offering some of their shares to the public
Company issue fresh shares