What is a follow-on public offer?

FPO, or follow-on public offer, is one of the many means through which corporates finance their expansion plans, or pare debt. We explain what is a FPO, and if investors should subscribe to it

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1 min read Last Updated : Nov 29 2022 | 11:24 AM IST

Last week, billionaire Gautam Adani said that his flagship company will raise capital worth 20,000 crore rupees via FPO. FPO, or follow-on public offer, is one of the many means through which corporates finance their expansion plans, or pare debt. In today’s decoded, we explain what is a FPO, and if investors should subscribe to it?