Follow on public offer, also called an FPO, is a way through which companies that are listed on a stock exchange issue fresh shares to the public. FPO is different from an IPO, or initial public offering, as through the latter, companies offer their shares to the public for the first time, before it is listed on a stock exchange.
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Even though AEL's share price continued to languish below its issue price, FPO managed to garner 1.12 times subscription, attracting bids worth over Rs 16,000 cr