What is further public offer?

A Further Public Offer (FPO) is a process through which a publicly listed company issues additional shares to raise capital from existing and new investors. Unlike an Initial Public Offering (IPO), which is the first sale of stock to the public, an FPO allows companies to raise funds after they are already publicly traded. FPOs can be used for various purposes, such as financing expansion, reducing debt, or improving liquidity. Investors may perceive FPOs as an opportunity to buy shares at potentially favorable prices.