{"id":11097,"date":"2024-12-02T19:07:18","date_gmt":"2024-12-02T13:37:18","guid":{"rendered":"https:\/\/gwcindia.in\/blog\/?post_type=web-story&#038;p=11097"},"modified":"2024-12-02T19:07:18","modified_gmt":"2024-12-02T13:37:18","slug":"what-is-a-follow-on-public-offer-fpo","status":"publish","type":"web-story","link":"https:\/\/www.gwcindia.in\/blog\/web-stories\/what-is-a-follow-on-public-offer-fpo\/","title":{"rendered":"What is a Follow-on Public Offer (FPO)?"},"content":{"rendered":"<p><!DOCTYPE html><br \/>\n<html amp=\"\" lang=\"en\"><head><meta charset=\"utf-8\"><meta name=\"viewport\" content=\"width=device-width,minimum-scale=1\"><script async=\"\" src=\"https:\/\/cdn.ampproject.org\/v0.js\"><\/script><script async=\"\" src=\"https:\/\/cdn.ampproject.org\/v0\/amp-story-1.0.js\" custom-element=\"amp-story\"><\/script><link href=\"https:\/\/fonts.googleapis.com\/css2?display=swap&amp;family=Roboto%3Awght%40700\" rel=\"stylesheet\"><link 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both;-ms-animation:-amp-start 8s steps(1,end) 0s 1 normal both;animation:-amp-start 8s steps(1,end) 0s 1 normal both}@-webkit-keyframes -amp-start{from{visibility:hidden}to{visibility:visible}}@-moz-keyframes -amp-start{from{visibility:hidden}to{visibility:visible}}@-ms-keyframes -amp-start{from{visibility:hidden}to{visibility:visible}}@-o-keyframes -amp-start{from{visibility:hidden}to{visibility:visible}}@keyframes -amp-start{from{visibility:hidden}to{visibility:visible}}<\/style>\n<p><noscript><\/p>\n<style amp-boilerplate=\"\">body{-webkit-animation:none;-moz-animation:none;-ms-animation:none;animation:none}<\/style>\n<p><\/noscript><\/head><body><amp-story standalone=\"\" publisher=\"Goodwill's Blog\" publisher-logo-src=\"https:\/\/www.gwcindia.in\/blog\/wp-content\/uploads\/sites\/2\/2024\/11\/gwcindialogo.webp\" title=\"What is a Follow-on Public Offer (FPO)?\" poster-portrait-src=\"https:\/\/www.gwcindia.in\/blog\/wp-content\/uploads\/sites\/2\/2024\/12\/cropped-1-3.jpg\"><amp-story-page id=\"b2f291ad-21ff-4a3b-9917-042c52d83a6a\"><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\" style=\"background-color:#dad3cd\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-3e1bd185-90b1-4ae5-8b18-de2ca00f828b\">\n<div style=\"position:absolute;width:100%;height:100%;left:0%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/www.gwcindia.in\/blog\/wp-content\/uploads\/sites\/2\/2024\/12\/1-3.jpg\" alt=\"1\" srcset=\"https:\/\/www.gwcindia.in\/blog\/wp-content\/uploads\/sites\/2\/2024\/12\/1-3.jpg 720w,https:\/\/www.gwcindia.in\/blog\/wp-content\/uploads\/sites\/2\/2024\/12\/1-3-576x1024.jpg 576w,https:\/\/www.gwcindia.in\/blog\/wp-content\/uploads\/sites\/2\/2024\/12\/1-3-169x300.jpg 169w,https:\/\/www.gwcindia.in\/blog\/wp-content\/uploads\/sites\/2\/2024\/12\/1-3-150x267.jpg 150w\" sizes=\"(min-width: 1024px) 45vh, 100vw\" disable-inline-width=\"true\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:11.65049%;top:82.20065%;width:78.8835%;height:22.16828%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-76fbb754-190d-45f3-89b5-3b4c7c1b3134\">\n<div class=\"fill\" style=\"background-color:#fff;will-change:transform\"><\/div>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:17.71845%;top:82.20065%;width:70.63107%;height:20.71197%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.6872852233676976% 0.6872852233676976% 0.6872852233676976% 0.6872852233676976% \/ 1.5625% 1.5625% 1.5625% 1.5625%\" id=\"el-01310d63-986a-4579-8f70-20e2b8e1e06b\">\n<h1 class=\"fill text-wrapper\" style='white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:-0.11211340206185502% 0;font-family:\"Roboto\",\"Helvetica Neue\",\"Helvetica\",sans-serif;font-size:0.582524em;line-height:1.19;text-align:left;padding:0;color:#000000'><span><span style=\"font-weight: 700\">What is a Follow-on Public Offer (FPO)?<\/span><\/span><\/h1>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"e059a836-6002-4829-8f8a-8b1d5f1339fc\"><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\" style=\"background-color:#d2cbc7\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-39ff097e-333e-4b23-9291-428c7679d925\">\n<div style=\"position:absolute;width:100%;height:100%;left:0%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/www.gwcindia.in\/blog\/wp-content\/uploads\/sites\/2\/2024\/12\/2-3.jpg\" alt=\"2\" srcset=\"https:\/\/www.gwcindia.in\/blog\/wp-content\/uploads\/sites\/2\/2024\/12\/2-3.jpg 720w,https:\/\/www.gwcindia.in\/blog\/wp-content\/uploads\/sites\/2\/2024\/12\/2-3-576x1024.jpg 576w,https:\/\/www.gwcindia.in\/blog\/wp-content\/uploads\/sites\/2\/2024\/12\/2-3-169x300.jpg 169w,https:\/\/www.gwcindia.in\/blog\/wp-content\/uploads\/sites\/2\/2024\/12\/2-3-150x267.jpg 150w\" sizes=\"(min-width: 1024px) 45vh, 100vw\" disable-inline-width=\"true\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:11.65049%;top:82.20065%;width:78.8835%;height:22.16828%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-bb9df4d6-441f-4802-8b46-7ddbc8f89ed8\">\n<div class=\"fill\" style=\"background-color:#fff;will-change:transform\"><\/div>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:14.56311%;top:86.73139%;width:75.97087%;height:13.26861%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.6389776357827476% 0.6389776357827476% 0.6389776357827476% 0.6389776357827476% \/ 2.4390243902439024% 2.4390243902439024% 2.4390243902439024% 2.4390243902439024%\" id=\"el-aee09b11-8eb5-4049-afa4-9ab806ace6ad\">\n<h3 class=\"fill text-wrapper\" style='white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:-0.06659345047923282% 0;font-family:\"Roboto\",\"Helvetica Neue\",\"Helvetica\",sans-serif;font-size:0.372168em;line-height:1.19;text-align:left;padding:0;color:#000000'><span><span style=\"font-weight: 700\">An FPO is when a publicly listed company issues more shares to raise capital.<\/span><\/span><\/h3>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"22413876-86ba-4fff-b7e9-8ec97a82bd65\"><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\" style=\"background-color:#d9cab1\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-a11bf54d-3490-4067-b5be-f110f4a5c097\">\n<div style=\"position:absolute;width:100%;height:100%;left:0%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/www.gwcindia.in\/blog\/wp-content\/uploads\/sites\/2\/2024\/12\/3-3.jpg\" alt=\"3\" srcset=\"https:\/\/www.gwcindia.in\/blog\/wp-content\/uploads\/sites\/2\/2024\/12\/3-3.jpg 720w,https:\/\/www.gwcindia.in\/blog\/wp-content\/uploads\/sites\/2\/2024\/12\/3-3-576x1024.jpg 576w,https:\/\/www.gwcindia.in\/blog\/wp-content\/uploads\/sites\/2\/2024\/12\/3-3-169x300.jpg 169w,https:\/\/www.gwcindia.in\/blog\/wp-content\/uploads\/sites\/2\/2024\/12\/3-3-150x267.jpg 150w\" sizes=\"(min-width: 1024px) 45vh, 100vw\" disable-inline-width=\"true\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:11.65049%;top:82.20065%;width:78.8835%;height:22.16828%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-41a143ef-7a1e-48b3-938a-a0bb202f2da6\">\n<div class=\"fill\" style=\"background-color:#fff;will-change:transform\"><\/div>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:14.56311%;top:86.73139%;width:68.4466%;height:13.26861%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.7092198581560284% 0.7092198581560284% 0.7092198581560284% 0.7092198581560284% \/ 2.4390243902439024% 2.4390243902439024% 2.4390243902439024% 2.4390243902439024%\" id=\"el-de4e783d-2591-4612-b47f-0affb1daf326\">\n<h3 class=\"fill text-wrapper\" style='white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:-0.07391400709219813% 0;font-family:\"Roboto\",\"Helvetica Neue\",\"Helvetica\",sans-serif;font-size:0.372168em;line-height:1.19;text-align:left;padding:0;color:#000000'><span><span style=\"font-weight: 700\">Companies use FPOs to fund projects, expand operations, or pay off debt.<\/span><\/span><\/h3>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"536ed804-8e20-4fc9-a0d7-c5841f823d22\"><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\" style=\"background-color:#cdcccc\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-0690aef6-e8ee-4763-9ac4-7d6bc88f9fc8\">\n<div style=\"position:absolute;width:100%;height:100%;left:0%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/www.gwcindia.in\/blog\/wp-content\/uploads\/sites\/2\/2024\/12\/4-3.jpg\" alt=\"4\" srcset=\"https:\/\/www.gwcindia.in\/blog\/wp-content\/uploads\/sites\/2\/2024\/12\/4-3.jpg 720w,https:\/\/www.gwcindia.in\/blog\/wp-content\/uploads\/sites\/2\/2024\/12\/4-3-576x1024.jpg 576w,https:\/\/www.gwcindia.in\/blog\/wp-content\/uploads\/sites\/2\/2024\/12\/4-3-169x300.jpg 169w,https:\/\/www.gwcindia.in\/blog\/wp-content\/uploads\/sites\/2\/2024\/12\/4-3-150x267.jpg 150w\" sizes=\"(min-width: 1024px) 45vh, 100vw\" disable-inline-width=\"true\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:11.65049%;top:82.20065%;width:78.8835%;height:22.16828%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-c3aa1786-2bcb-4d20-9f02-f296b5f4a60b\">\n<div class=\"fill\" style=\"background-color:#fff;will-change:transform\"><\/div>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:13.83495%;top:86.56958%;width:68.4466%;height:13.26861%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.7092198581560284% 0.7092198581560284% 0.7092198581560284% 0.7092198581560284% \/ 2.4390243902439024% 2.4390243902439024% 2.4390243902439024% 2.4390243902439024%\" id=\"el-94b1d475-93ea-4966-a74f-ec41a4ba5f11\">\n<h3 class=\"fill text-wrapper\" style='white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:-0.07391400709219813% 0;font-family:\"Roboto\",\"Helvetica Neue\",\"Helvetica\",sans-serif;font-size:0.372168em;line-height:1.19;text-align:left;padding:0;color:#000000'><span><span style=\"font-weight: 700\">There are two types of FPOs: Dilutive and Non-Dilutive.<\/span><\/span><\/h3>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"1bed417e-ac24-4701-8575-e02a7e489add\"><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\" style=\"background-color:#49330c\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-d89ffcf3-cebd-41a5-a75a-5cd4ad36f5e9\">\n<div style=\"position:absolute;width:100%;height:100%;left:0%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/www.gwcindia.in\/blog\/wp-content\/uploads\/sites\/2\/2024\/12\/6-3.jpg\" alt=\"6\" srcset=\"https:\/\/www.gwcindia.in\/blog\/wp-content\/uploads\/sites\/2\/2024\/12\/6-3.jpg 720w,https:\/\/www.gwcindia.in\/blog\/wp-content\/uploads\/sites\/2\/2024\/12\/6-3-576x1024.jpg 576w,https:\/\/www.gwcindia.in\/blog\/wp-content\/uploads\/sites\/2\/2024\/12\/6-3-169x300.jpg 169w,https:\/\/www.gwcindia.in\/blog\/wp-content\/uploads\/sites\/2\/2024\/12\/6-3-150x267.jpg 150w\" sizes=\"(min-width: 1024px) 45vh, 100vw\" disable-inline-width=\"true\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:9.46602%;top:-2.589%;width:78.8835%;height:22.16828%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-ab3ca5df-b695-4aa1-9567-ccae3e03c9ee\">\n<div class=\"fill\" style=\"background-color:#fff;will-change:transform\"><\/div>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:11.40777%;top:0.80906%;width:73.05825%;height:15.53398%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.6644518272425249% 0.6644518272425249% 0.6644518272425249% 0.6644518272425249% \/ 2.083333333333333% 2.083333333333333% 2.083333333333333% 2.083333333333333%\" id=\"el-2f883774-9814-4fb7-a5e0-f00e0b4b3d5d\">\n<h2 class=\"fill text-wrapper\" style='white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:-0.08129152823920191% 0;font-family:\"Roboto\",\"Helvetica Neue\",\"Helvetica\",sans-serif;font-size:0.436893em;line-height:1.19;text-align:left;padding:0;color:#000000'><span><span style=\"font-weight: 700\">Dilutive FPOs issue new shares, increasing the total number of shares.<\/span><\/span><\/h2>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"36ac36a2-093b-4195-8456-7b2117f54be1\"><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\" style=\"background-color:#2e4559\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-04844c6e-fa45-43bc-9cc5-de457c543eaf\">\n<div style=\"position:absolute;width:100%;height:100%;left:0%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/www.gwcindia.in\/blog\/wp-content\/uploads\/sites\/2\/2024\/12\/7-3.jpg\" alt=\"7\" srcset=\"https:\/\/www.gwcindia.in\/blog\/wp-content\/uploads\/sites\/2\/2024\/12\/7-3.jpg 720w,https:\/\/www.gwcindia.in\/blog\/wp-content\/uploads\/sites\/2\/2024\/12\/7-3-576x1024.jpg 576w,https:\/\/www.gwcindia.in\/blog\/wp-content\/uploads\/sites\/2\/2024\/12\/7-3-169x300.jpg 169w,https:\/\/www.gwcindia.in\/blog\/wp-content\/uploads\/sites\/2\/2024\/12\/7-3-150x267.jpg 150w\" sizes=\"(min-width: 1024px) 45vh, 100vw\" disable-inline-width=\"true\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:9.46602%;top:-2.589%;width:78.8835%;height:22.16828%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-24a8a669-22f7-40cc-a93c-a5b0b4206a8d\">\n<div class=\"fill\" style=\"background-color:#fff;will-change:transform\"><\/div>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:15.04854%;top:-0.80906%;width:67.71845%;height:18.4466%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.7168458781362007% 0.7168458781362007% 0.7168458781362007% 0.7168458781362007% \/ 1.7543859649122806% 1.7543859649122806% 1.7543859649122806% 1.7543859649122806%\" id=\"el-c42cc1be-d6d7-499d-92a9-9f782b070d41\">\n<h3 class=\"fill text-wrapper\" style='white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:-0.07795698924731159% 0;font-family:\"Roboto\",\"Helvetica Neue\",\"Helvetica\",sans-serif;font-size:0.388350em;line-height:1.19;text-align:left;padding:0;color:#000000'><span><span style=\"font-weight: 700\">Non-Dilutive FPOs involve existing shareholders selling their shares.<\/span><\/span><\/h3>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"b536f858-d724-4016-ae7f-a9d0d5c8a012\"><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\" style=\"background-color:#dde2e7\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-d612db9f-07a0-4a29-9f06-9f879bb161e9\">\n<div style=\"position:absolute;width:100%;height:100%;left:0%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/www.gwcindia.in\/blog\/wp-content\/uploads\/sites\/2\/2024\/12\/8-3.jpg\" alt=\"8\" srcset=\"https:\/\/www.gwcindia.in\/blog\/wp-content\/uploads\/sites\/2\/2024\/12\/8-3.jpg 720w,https:\/\/www.gwcindia.in\/blog\/wp-content\/uploads\/sites\/2\/2024\/12\/8-3-576x1024.jpg 576w,https:\/\/www.gwcindia.in\/blog\/wp-content\/uploads\/sites\/2\/2024\/12\/8-3-169x300.jpg 169w,https:\/\/www.gwcindia.in\/blog\/wp-content\/uploads\/sites\/2\/2024\/12\/8-3-150x267.jpg 150w\" sizes=\"(min-width: 1024px) 45vh, 100vw\" disable-inline-width=\"true\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:9.46602%;top:-2.589%;width:78.8835%;height:22.16828%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-a5294920-73d4-42a0-b890-4c79e06151dc\">\n<div class=\"fill\" style=\"background-color:#fff;will-change:transform\"><\/div>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:15.04854%;top:1.61812%;width:62.37864%;height:13.75405%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.7782101167315175% 0.7782101167315175% 0.7782101167315175% 0.7782101167315175% \/ 2.3529411764705883% 2.3529411764705883% 2.3529411764705883% 2.3529411764705883%\" id=\"el-69b25870-602b-48ad-a91b-ca2ba3921c7e\">\n<h3 class=\"fill text-wrapper\" style='white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:-0.08463035019455227% 0;font-family:\"Roboto\",\"Helvetica Neue\",\"Helvetica\",sans-serif;font-size:0.388350em;line-height:1.19;text-align:left;padding:0;color:#000000'><span><span style=\"font-weight: 700\">Investors bid for shares at a price range set by the company.<\/span><\/span><\/h3>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"a72a5bc4-9e29-4118-a2fd-53d0fafb94d9\"><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\" style=\"background-color:#c1b7b3\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-4b42c02c-ebe2-49f1-a727-04c47b6e2ab5\">\n<div style=\"position:absolute;width:100%;height:100%;left:0%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/www.gwcindia.in\/blog\/wp-content\/uploads\/sites\/2\/2024\/12\/9-3.jpg\" alt=\"9\" srcset=\"https:\/\/www.gwcindia.in\/blog\/wp-content\/uploads\/sites\/2\/2024\/12\/9-3.jpg 720w,https:\/\/www.gwcindia.in\/blog\/wp-content\/uploads\/sites\/2\/2024\/12\/9-3-576x1024.jpg 576w,https:\/\/www.gwcindia.in\/blog\/wp-content\/uploads\/sites\/2\/2024\/12\/9-3-169x300.jpg 169w,https:\/\/www.gwcindia.in\/blog\/wp-content\/uploads\/sites\/2\/2024\/12\/9-3-150x267.jpg 150w\" sizes=\"(min-width: 1024px) 45vh, 100vw\" disable-inline-width=\"true\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:9.46602%;top:-2.589%;width:78.8835%;height:22.16828%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-57aaa644-e51a-4dce-97f2-83d3f0985c98\">\n<div class=\"fill\" style=\"background-color:#fff;will-change:transform\"><\/div>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:15.04854%;top:1.61812%;width:67.71845%;height:13.75405%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.7168458781362007% 0.7168458781362007% 0.7168458781362007% 0.7168458781362007% \/ 2.3529411764705883% 2.3529411764705883% 2.3529411764705883% 2.3529411764705883%\" id=\"el-096be1ec-7491-4bee-bf06-0133ec2a4558\">\n<h3 class=\"fill text-wrapper\" style='white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:-0.07795698924731159% 0;font-family:\"Roboto\",\"Helvetica Neue\",\"Helvetica\",sans-serif;font-size:0.388350em;line-height:1.19;text-align:left;padding:0;color:#000000'><span><span style=\"font-weight: 700\">FPOs can offer shares at a discount, creating investment opportunities.<\/span><\/span><\/h3>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"a3412ef9-11b5-4bc1-a706-c2b6d42cd76e\"><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\" style=\"background-color:#d2a1a8\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-f2a34d70-4c95-4cc3-a84b-d8596e38b570\">\n<div style=\"position:absolute;width:100%;height:100%;left:0%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/www.gwcindia.in\/blog\/wp-content\/uploads\/sites\/2\/2024\/12\/10-2.jpg\" alt=\"10\" srcset=\"https:\/\/www.gwcindia.in\/blog\/wp-content\/uploads\/sites\/2\/2024\/12\/10-2.jpg 720w,https:\/\/www.gwcindia.in\/blog\/wp-content\/uploads\/sites\/2\/2024\/12\/10-2-576x1024.jpg 576w,https:\/\/www.gwcindia.in\/blog\/wp-content\/uploads\/sites\/2\/2024\/12\/10-2-169x300.jpg 169w,https:\/\/www.gwcindia.in\/blog\/wp-content\/uploads\/sites\/2\/2024\/12\/10-2-150x267.jpg 150w\" sizes=\"(min-width: 1024px) 45vh, 100vw\" disable-inline-width=\"true\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:9.46602%;top:-2.589%;width:78.8835%;height:22.16828%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-38d69136-0904-41d8-8df5-e4a08c2fdf6a\">\n<div class=\"fill\" style=\"background-color:#fff;will-change:transform\"><\/div>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:15.04854%;top:1.61812%;width:67.71845%;height:13.75405%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.7168458781362007% 0.7168458781362007% 0.7168458781362007% 0.7168458781362007% \/ 2.3529411764705883% 2.3529411764705883% 2.3529411764705883% 2.3529411764705883%\" id=\"el-c9c82539-9779-4947-bd2e-6b671ea780fd\">\n<h3 class=\"fill text-wrapper\" style='white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:-0.07795698924731159% 0;font-family:\"Roboto\",\"Helvetica Neue\",\"Helvetica\",sans-serif;font-size:0.388350em;line-height:1.19;text-align:left;padding:0;color:#000000'><span><span style=\"font-weight: 700\">Market risks and share dilution are important factors to consider.<\/span><\/span><\/h3>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"1b00b107-36d5-42a7-b200-1e4b7f8960c1\"><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\" style=\"background-color:#2c2b29\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-9856a3b7-5323-4497-ab83-1908a7a357b6\">\n<div style=\"position:absolute;width:100%;height:100%;left:0%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/www.gwcindia.in\/blog\/wp-content\/uploads\/sites\/2\/2024\/12\/5-3.jpg\" alt=\"5\" srcset=\"https:\/\/www.gwcindia.in\/blog\/wp-content\/uploads\/sites\/2\/2024\/12\/5-3.jpg 720w,https:\/\/www.gwcindia.in\/blog\/wp-content\/uploads\/sites\/2\/2024\/12\/5-3-576x1024.jpg 576w,https:\/\/www.gwcindia.in\/blog\/wp-content\/uploads\/sites\/2\/2024\/12\/5-3-169x300.jpg 169w,https:\/\/www.gwcindia.in\/blog\/wp-content\/uploads\/sites\/2\/2024\/12\/5-3-150x267.jpg 150w\" sizes=\"(min-width: 1024px) 45vh, 100vw\" disable-inline-width=\"true\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:9.46602%;top:-2.589%;width:78.8835%;height:22.16828%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-19170cea-aa91-471b-80bb-e0af8354fb99\">\n<div class=\"fill\" style=\"background-color:#fff;will-change:transform\"><\/div>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:15.04854%;top:1.61812%;width:67.71845%;height:13.75405%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.7168458781362007% 0.7168458781362007% 0.7168458781362007% 0.7168458781362007% \/ 2.3529411764705883% 2.3529411764705883% 2.3529411764705883% 2.3529411764705883%\" id=\"el-471e98f6-a61a-47be-b026-ca277ff54fff\">\n<h3 class=\"fill text-wrapper\" style='white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:-0.07795698924731159% 0;font-family:\"Roboto\",\"Helvetica Neue\",\"Helvetica\",sans-serif;font-size:0.388350em;line-height:1.19;text-align:left;padding:0;color:#000000'><span><span style=\"font-weight: 700\">Research thoroughly before investing in an FPO for long-term gains!<\/span><\/span><\/h3>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><amp-story-page-outlink layout=\"nodisplay\"><a href=\"https:\/\/www.gwcindia.in\/blog\/what-is-a-follow-on-public-offer-fpo\/\" rel=\"\">Learn more<\/a><\/amp-story-page-outlink><\/amp-story-page><\/amp-story><\/body><\/html><\/p>\n","protected":false},"excerpt":{"rendered":"<p>An FPO is when a publicly listed company issues more shares to raise 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