{"id":14839,"date":"2026-04-17T18:16:26","date_gmt":"2026-04-17T12:46:26","guid":{"rendered":"https:\/\/lakshmishree.com\/blog\/?p=14839"},"modified":"2026-04-17T18:18:50","modified_gmt":"2026-04-17T12:48:50","slug":"difference-between-ipo-vs-fpo","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/blog\/difference-between-ipo-vs-fpo\/","title":{"rendered":"IPO vs FPO: The Data, The Differences, and Confident Investment in 2026"},"content":{"rendered":"\n<script type=\"application\/ld+json\">\n{\n  \"@context\": \"https:\/\/schema.org\",\n  \"@graph\": [\n    {\n      \"@type\": \"Organization\",\n      \"@id\": \"https:\/\/www.lakshmishree.com\/#organization\",\n      \"name\": \"Lakshmishree Investment & Securities Ltd.\",\n      \"url\": \"https:\/\/www.lakshmishree.com\",\n      \"logo\": \"https:\/\/www.lakshmishree.com\/logo.png\",\n      \"sameAs\": [\n        \"https:\/\/www.linkedin.com\/company\/lakshmishree\/\",\n        \"https:\/\/www.facebook.com\/lakshmishree\/\"\n      ]\n    },\n    {\n      \"@type\": \"Person\",\n      \"@id\": \"https:\/\/www.lakshmishree.com\/#author\",\n      \"name\": \"Lakshmishree Research Desk\",\n      \"jobTitle\": \"Institutional Equity Research\",\n      \"description\": \"SEBI-registered research desk with 31+ years of experience in the Indian primary and secondary markets. 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Includes risk analysis, SEBI frameworks, and taxation rules.\",\n      \"image\": \"https:\/\/www.lakshmishree.com\/wp-content\/uploads\/2026\/04\/ipo-vs-fpo-comparison.webp\",\n      \"datePublished\": \"2026-04-17T09:00:00+05:30\",\n      \"dateModified\": \"2026-04-17T18:05:00+05:30\",\n      \"author\": { \"@id\": \"https:\/\/www.lakshmishree.com\/#author\" },\n      \"publisher\": { \"@id\": \"https:\/\/www.lakshmishree.com\/#organization\" },\n      \"mainEntityOfPage\": \"https:\/\/www.lakshmishree.com\/blog\/ipo-vs-fpo\/\"\n    },\n    {\n      \"@type\": \"HowTo\",\n      \"@id\": \"https:\/\/www.lakshmishree.com\/blog\/ipo-vs-fpo\/#howto\",\n      \"name\": \"How to Apply for IPO and FPO through Lakshmishree\",\n      \"step\": [\n        {\n          \"@type\": \"HowToStep\",\n          \"name\": \"Demat Account Opening\",\n          \"text\": \"Open a Demat account with Lakshmishree (takes 5 minutes online).\"\n        },\n        {\n          \"@type\": \"HowToStep\",\n          \"name\": \"Banking Integration\",\n          \"text\": \"Link your bank account using UPI or Net Banking for ASBA-supported payment blocking.\"\n        },\n        {\n          \"@type\": \"HowToStep\",\n          \"name\": \"Application Submission\",\n          \"text\": \"Select the IPO\/FPO from the platform, enter bid quantity, and confirm the UPI mandate.\"\n        }\n      ]\n    },\n    {\n      \"@type\": \"ItemList\",\n      \"@id\": \"https:\/\/www.lakshmishree.com\/blog\/ipo-vs-fpo\/#listicle\",\n      \"name\": \"IPO Red Flags to Watch\",\n      \"itemListElement\": [\n        { \"@type\": \"ListItem\", \"position\": 1, \"name\": \"Promoter selling >25% stake\" },\n        { \"@type\": \"ListItem\", \"position\": 2, \"name\": \"Negative cash flows with high burn rate\" },\n        { \"@type\": \"ListItem\", \"position\": 3, \"name\": \"Aggressive valuations compared to peers\" }\n      ]\n    },\n    {\n      \"@type\": \"Dataset\",\n      \"@id\": \"https:\/\/www.lakshmishree.com\/blog\/ipo-vs-fpo\/#dataset\",\n      \"name\": \"IPO vs FPO Comparison Data\",\n      \"description\": \"Comparison of risk levels, pricing mechanisms, and information availability between IPO and FPO.\",\n      \"license\": \"https:\/\/creativecommons.org\/licenses\/by\/4.0\/\",\n      \"creator\": {\n        \"@id\": \"https:\/\/www.lakshmishree.com\/#organization\"\n      }\n    },\n    {\n      \"@type\": \"FinancialService\",\n      \"name\": \"Lakshmishree IPO and FPO Application Service\",\n      \"provider\": { \"@id\": \"https:\/\/www.lakshmishree.com\/#organization\" },\n      \"aggregateRating\": {\n        \"@type\": \"AggregateRating\",\n        \"ratingValue\": \"4.8\",\n        \"reviewCount\": \"1250\"\n      },\n      \"review\": [\n        {\n          \"@type\": \"Review\",\n          \"author\": { \"@type\": \"Person\", \"name\": \"Institutional Investor\" },\n          \"reviewRating\": { \"@type\": \"Rating\", \"ratingValue\": \"5\" },\n          \"reviewBody\": \"Excellent research reports and seamless ASBA integration for high-value applications.\"\n        }\n      ]\n    },\n    {\n      \"@type\": \"BreadcrumbList\",\n      \"@id\": \"https:\/\/www.lakshmishree.com\/blog\/ipo-vs-fpo\/#breadcrumb\",\n      \"itemListElement\": [\n        { \"@type\": \"ListItem\", \"position\": 1, \"name\": \"Home\", \"item\": \"https:\/\/www.lakshmishree.com\" },\n        { \"@type\": \"ListItem\", \"position\": 2, \"name\": \"Blog\", \"item\": \"https:\/\/www.lakshmishree.com\/blog\" },\n        { \"@type\": \"ListItem\", \"position\": 3, \"name\": \"IPO vs FPO\", \"item\": \"https:\/\/www.lakshmishree.com\/blog\/ipo-vs-fpo\/\" }\n      ]\n    }\n  ]\n}\n<\/script>\n\n\n\n<p>You're here because you saw two terms. IPO and FPO. They sound similar, and they both involve companies raising money. Both happen in the stock market. But here's what you need to know right now: <strong>An IPO is when a company sells shares to the public for the <em>first time<\/em>. An FPO is when an <em>already listed<\/em> company sells <em>more<\/em> shares to raise additional funds.<\/strong><\/p>\n\n\n\n<p>That's it. That's the core difference.<\/p>\n\n\n\n<p>But if you stop reading now, you'll miss something crucial. You see, understanding IPO vs FPO isn't just about definitions. It's about knowing which one to invest in, when to invest, and why companies choose one over the other. It's about avoiding the mistakes that cost investors lakhs of rupees. And it's about recognizing opportunities that others miss because they never looked beyond the surface.<\/p>\n\n\n\n<p>This confusion brought you here. It Is Good. Because by the time you finish this guide, you'll understand not just IPO and FPO, but also FPO vs OFS, QIP, rights issues, and exactly how each one affects your investment decisions. You'll know which carries less risk. You'll understand the regulatory frameworks. And you will recognize patterns that separate smart investors from those who simply follow the crowd.<\/p>\n\n\n\n<p>Think of this as your final stop for IPO vs FPO clarity. Everything you need, nothing you don't.<\/p>\n\n\n\n<div class=\"wp-block-rank-math-toc-block\" id=\"rank-math-toc\"><h2>Table Of Contents<\/h2><nav><ul><li class=\"\"><a href=\"#what-is-an-ipo-a-private-companys-grand-debut\">What is an IPO? A Private Company\u2019s Grand Debut<\/a><\/li><li class=\"\"><a href=\"#why-go-public-the-strategic-reasons-companies-choose-the-ipo\">Why Go Public? The Strategic Reasons Companies Choose the IPO<\/a><\/li><li class=\"\"><a href=\"#what-is-an-fpo-the-strategic-second-round\">What is an FPO? The Strategic Second Round<\/a><ul><li class=\"\"><a href=\"#ipo-vs-fpo-comparing-side-by-side\">IPO vs FPO: Comparing Side by Side<\/a><\/li><\/ul><\/li><li class=\"\"><a href=\"#the-full-form-questions\">The Full Form Questions<\/a><\/li><li class=\"\"><a href=\"#the-ipo-vs-fpo-decision-framework\">The IPO vs FPO Decision Framework<\/a><\/li><li class=\"\"><a href=\"#understanding-the-sebi-framework-for-ipo-and-fpo\">Understanding the SEBI Framework for IPO and FPO<\/a><\/li><li class=\"\"><a href=\"#ipo-vs-fpo-vs-ofs-the-three-way-distinction\">IPO vs FPO vs OFS: The Three-Way Distinction<\/a><\/li><li class=\"\"><a href=\"#tax-implications-ipo-vs-fpo\">Tax Implications: IPO vs FPO<\/a><ul><\/ul><\/li><li class=\"\"><a href=\"#how-to-apply-for-ipo-and-fpo-through-lakshmishree\">How to Apply for IPO and FPO Through Lakshmishree<\/a><\/li><li class=\"\"><a href=\"#ipo-and-fpo-what-sebi-wants-you-to-know\">IPO and FPO: What SEBI Wants You to Know<\/a><\/li><li class=\"\"><a href=\"#the-future-of-ip-os-and-fp-os-in-india\">The Future of IPOs and FPOs in India<\/a><\/li><li class=\"\"><a href=\"#final-thoughts-your-ipo-vs-fpo-takeaway\">Final Thoughts: Your IPO vs FPO Takeaway<\/a><\/li><\/ul><\/nav><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"what-is-an-ipo-a-private-companys-grand-debut\"><strong><strong>What is an IPO? A Private Company\u2019s Grand Debut<\/strong><\/strong><\/h2>\n\n\n\n<p><strong><mark style=\"background-color:#fcb900\" class=\"has-inline-color has-black-color\">IPO stands for Initial Public Offering.<\/mark><\/strong><\/p>\n\n\n\n<p><strong>It's a company's grand entrance<\/strong>. The moment a private company becomes public. The day promoters decide to share ownership with everyday investors like you.<\/p>\n\n\n\n<p>Here's what happens: A private company\u2014let's say it's been operating for years, growing steadily, building its business, decides it needs capital. Big capital. Maybe to finance expansion operations. Maybe to pay off debt. Maybe to fund acquisitions. Whatever the reason, the promoters choose to go public.<\/p>\n\n\n\n<p>They hire investment bankers. File mountains of paperwork with SEBI (Securities and Exchange Board of India). Get their books audited, scrutinized, questioned. Then they price their shares and offer them to the public for the very first time.<\/p>\n\n\n\n<p>This is the IPO.<\/p>\n\n\n\n<p>When you subscribe to an IPO, especially a fixed price IPO, you're buying shares of a company that has never been publicly traded before. There's no historical share price. No trading volume. No liquidity in the secondary market yet. You're taking a leap of faith based on the company's fundamentals, its prospectus, and the price band set by the underwriters.<\/p>\n\n\n\n<p><em><strong>Real Example:<\/strong><a href=\"https:\/\/www.chittorgarh.com\/ipo\/zomato-ipo\/1126\/\" target=\"_blank\" rel=\"noopener\"> When Zomato launched its IPO in July 2021<\/a> at \u20b976 per share, it was the first time retail investors could own a piece of India's food delivery giant. Before that, only venture capitalists and private equity firms could invest. The IPO raised \u20b99,375 crore and gave Zomato the public market access it needed to compete with rivals.<\/em><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"why-go-public-the-strategic-reasons-companies-choose-the-ipo\"><strong>Why Go Public? The Strategic Reasons Companies Choose the IPO<\/strong><\/h2>\n\n\n\n<p>Companies do not go public on a whim.<\/p>\n\n\n\n<p>There's strategy involved. Calculation. Risk assessment. Here's why promoters pull the IPO trigger:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Access to massive capital<\/strong> - Public markets offer scale that private funding can't match.<br><\/li>\n\n\n\n<li><strong>Brand visibility<\/strong> - Being listed enhances credibility and recognition<br><\/li>\n\n\n\n<li><strong>Liquidity for early investors<\/strong> - Venture capitalists and founders can partially exit<br><\/li>\n\n\n\n<li><strong>Currency for acquisitions<\/strong> - Listed shares can be used to buy other companies<br><\/li>\n\n\n\n<li><strong>Employee stock options<\/strong> - Attract talent with tradable equity But here's the trade-off: they lose some control. They gain regulatory scrutiny. They face quarterly earnings pressure. Every quarter, they must report numbers, face analyst questions, and manage shareholder expectations. Not every company is ready for this. That's why IPOs are significant events.<\/li>\n<\/ol>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"what-is-an-fpo-the-strategic-second-round\"><strong>What is an FPO? The Strategic Second Round<\/strong><\/h2>\n\n\n\n<p><strong><mark style=\"background-color:#fcb900\" class=\"has-inline-color\">FPO stands for Follow-on Public Offering.<\/mark><\/strong><\/p>\n\n\n\n<p>Notice the word \"follow-on.\" It comes <em>after<\/em> the IPO. It's the sequel, to the original IPO.<\/p>\n\n\n\n<p>When a company is already listed on stock exchanges and already trading publicly, already followed by analysts, already owned by thousands of shareholders\u2014it can come back to the market to raise more money. This is an FPO.<\/p>\n\n\n\n<p>The company already has a share price. Market capitalization. Trading history. Quarterly results. Analyst coverage. Everything that an IPO lacks, an FPO has.<\/p>\n\n\n\n<p><em><strong>Real Example:<\/strong> <a href=\"https:\/\/www.tradebulls.in\/ipo-basics\/yes-bank-fpo-july-2020-key-points\" target=\"_blank\" rel=\"noopener\">In 2020,\u00a0<strong>Yes Bank<\/strong><\/a>\u00a0launched an<a href=\"https:\/\/www.tradebulls.in\/ipo-basics\/yes-bank-fpo-july-2020-key-points\" target=\"_blank\" rel=\"noopener\"> FPO to raise\u00a0<strong>\u20b915,000 crore<\/strong><\/a>. Yes Bank was already a household name, already trading on stock exchanges since 2005. But it needed capital to recover from a financial crisis and meet\u00a0<strong>regulatory capital requirements<\/strong>\u00a0set by the RBI. So it issued fresh shares through an\u00a0<strong>FPO<\/strong>, not an IPO.<\/em><\/p>\n\n\n\n<div style=\"height:3px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-text-align-center\"><mark style=\"background-color:#ffffff\" class=\"has-inline-color\"><strong>Related Reading from this section:<\/strong>\u00a0<strong><a href=\"https:\/\/lakshmishree.com\/blog\/government-banks-in-india\/\">top performing PSU bank shares<\/a><\/strong><\/mark><\/p>\n\n\n\n<div style=\"height:5px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p><strong>The Two Faces of FPO: Dilutive type vs. Non-Dilutive<\/strong> <strong>type\u00a0<\/strong><\/p>\n\n\n\n<p>Not all FPOs are created equal. There are two distinct types, and the difference matters tremendously to investors:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"1-dilutive-fpo-fresh-issue\"><strong>1. Dilutive FPO (Fresh Issue)<\/strong><\/h3>\n\n\n\n<p>The company issues <em>new<\/em> shares. This increases the total number of shares outstanding. Your existing shareholding percentage gets diluted (reduced), but the company gets fresh capital to use for growth, debt reduction, or expansion.<\/p>\n\n\n\n<p><mark style=\"background-color:#fcb900\" class=\"has-inline-color\"><em>Effect on existing shareholders:<\/em> Your ownership percentage drops, but if the company uses the capital wisely, the share price may rise, offsetting the dilution.<\/mark><\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"2-non-dilutive-fpo-offer-for-sale-ofs\"><strong>2. Non-Dilutive FPO (Offer for Sale - OFS)<\/strong><\/h3>\n\n\n\n<p>Existing shareholders, usually promoters or large investors, sell <em>their<\/em> shares to the public. No new shares are created. The company doesn't receive any money. Instead, the selling shareholders cash out.<\/p>\n\n\n\n<p><mark style=\"background-color:#fcb900\" class=\"has-inline-color\"><em>Effect on existing shareholders:<\/em> No dilution in ownership percentage, but it signals that existing stakeholders want to exit (which may or may not be a red flag depending on context).<\/mark><\/p>\n\n\n\n<p>Here's where it gets interesting: Many FPOs combine both types. The company issues fresh shares AND promoters sell some of their holdings simultaneously. You need to read the offer document carefully to understand the mix.<\/p>\n\n\n\n<div style=\"height:2px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/lakshmishree.com\/blog\/wp-content\/uploads\/2026\/04\/ipo-vs-fpo-1024x683.jpg\" alt=\"\" class=\"wp-image-14847\" srcset=\"https:\/\/lakshmishree.com\/blog\/wp-content\/uploads\/2026\/04\/ipo-vs-fpo-1024x683.jpg 1024w, https:\/\/lakshmishree.com\/blog\/wp-content\/uploads\/2026\/04\/ipo-vs-fpo-632x421.jpg 632w, https:\/\/lakshmishree.com\/blog\/wp-content\/uploads\/2026\/04\/ipo-vs-fpo-768x512.jpg 768w, https:\/\/lakshmishree.com\/blog\/wp-content\/uploads\/2026\/04\/ipo-vs-fpo-150x100.jpg 150w, https:\/\/lakshmishree.com\/blog\/wp-content\/uploads\/2026\/04\/ipo-vs-fpo.jpg 1536w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<div style=\"height:4px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"ipo-vs-fpo-comparing-side-by-side\"><strong>IPO vs FPO: Comparing Side by Side<\/strong><\/h3>\n\n\n\n<p>Let's put them side by side. Clear. Direct. No confusion.<\/p>\n\n\n<figure class=\"wp-block-table\">\n<table style=\"border-collapse: collapse; width: 100%; border: 1px solid #cccccc;\">\n<thead>\n<tr style=\"background-color: #f2f2f2;\">\n<th style=\"border: 1px solid #cccccc; padding: 12px; text-align: left;\"><strong>Parameter<\/strong><\/th>\n<th style=\"border: 1px solid #cccccc; padding: 12px; text-align: left;\"><strong>IPO (Initial Public Offering)<\/strong><\/th>\n<th style=\"border: 1px solid #cccccc; padding: 12px; text-align: left;\"><strong>FPO (Follow-on Public Offering)<\/strong><\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"border: 1px solid #cccccc; padding: 12px;\"><strong>Definition<\/strong><\/td>\n<td style=\"border: 1px solid #cccccc; padding: 12px;\">First-time public sale of shares<\/td>\n<td style=\"border: 1px solid #cccccc; padding: 12px;\">Additional sale of shares by an already listed company<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #cccccc; padding: 12px;\"><strong>Company Status<\/strong><\/td>\n<td style=\"border: 1px solid #cccccc; padding: 12px;\">Private company going public<\/td>\n<td style=\"border: 1px solid #cccccc; padding: 12px;\">Already listed public company<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #cccccc; padding: 12px;\"><strong>Share Price History<\/strong><\/td>\n<td style=\"border: 1px solid #cccccc; padding: 12px;\">None - price is set via book building<\/td>\n<td style=\"border: 1px solid #cccccc; padding: 12px; background-color: #e6ffed;\"><strong>Existing market price provides reference<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #cccccc; padding: 12px;\"><strong>Risk Level<\/strong><\/td>\n<td style=\"border: 1px solid #cccccc; padding: 12px;\">Higher - no trading history<\/td>\n<td style=\"border: 1px solid #cccccc; padding: 12px; background-color: #e6ffed;\"><strong>Lower - established track record<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #cccccc; padding: 12px;\"><strong>Information Available<\/strong><\/td>\n<td style=\"border: 1px solid #cccccc; padding: 12px;\">Limited to prospectus and pre-IPO data<\/td>\n<td style=\"border: 1px solid #cccccc; padding: 12px; background-color: #e6ffed;\"><strong>Years of quarterly results and analyst reports<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #cccccc; padding: 12px;\"><strong>Pricing Mechanism<\/strong><\/td>\n<td style=\"border: 1px solid #cccccc; padding: 12px;\">Book building or fixed price method<\/td>\n<td style=\"border: 1px solid #cccccc; padding: 12px; background-color: #e6ffed;\"><strong>Usually at a discount to current market price<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #cccccc; padding: 12px;\"><strong>SEBI Scrutiny<\/strong><\/td>\n<td style=\"border: 1px solid #cccccc; padding: 12px;\">Extremely rigorous documentation<\/td>\n<td style=\"border: 1px solid #cccccc; padding: 12px;\">Regulated but based on existing track record<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #cccccc; padding: 12px;\"><strong>Lock-in Period<\/strong><\/td>\n<td style=\"border: 1px solid #cccccc; padding: 12px; background-color: #e6ffed;\"><strong>Yes, for anchor investors and promoters<\/strong><\/td>\n<td style=\"border: 1px solid #cccccc; padding: 12px;\">May vary depending on structure<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #cccccc; padding: 12px;\"><strong>Purpose<\/strong><\/td>\n<td style=\"border: 1px solid #cccccc; padding: 12px;\">Transition to public, raise capital<\/td>\n<td style=\"border: 1px solid #cccccc; padding: 12px;\">Raise growth capital or promoter exit<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #cccccc; padding: 12px;\"><strong>Example<\/strong><\/td>\n<td style=\"border: 1px solid #cccccc; padding: 12px;\">Zomato, Paytm<\/td>\n<td style=\"border: 1px solid #cccccc; padding: 12px;\">\u00a0YES Bank<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/figure>\n\n\n<div style=\"height:5px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p><mark style=\"background-color:#bcf3d9\" class=\"has-inline-color\">Notice something? FPOs are generally <em>less risky<\/em> than IPOs.<\/mark><\/p>\n\n\n\n<p>Why? Because you have data. Years of financial performance. Market validation. Trading liquidity. When you invest in an FPO, you know the company's earning patterns, its management quality, its competitive positioning. With an IPO, you're betting on potential.<\/p>\n\n\n\n<p>But, and this is crucial, as less risk also means less explosive upside potential. IPOs can double on listing day (or crash 20%). FPOs rarely do that because the market has already priced the company.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"the-full-form-questions\">The Full Form Questions<\/h2>\n\n\n\n<p>Let's address this quickly because it comes up constantly:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>IPO Full Form:<\/strong> Initial Public Offering<\/li>\n\n\n\n<li><strong>FPO Full Form:<\/strong> Follow-on Public Offering In Hindi-speaking markets, you'll often hear:<\/li>\n\n\n\n<li><strong>IPO Full Form in Hindi:<\/strong> \u092a\u094d\u0930\u093e\u0930\u0902\u092d\u093f\u0915 \u0938\u093e\u0930\u094d\u0935\u091c\u0928\u093f\u0915 \u092a\u094d\u0930\u0938\u094d\u0924\u093e\u0935 (Prarambhik Sarvajanik Prastav)<\/li>\n\n\n\n<li><strong>FPO Full Form in Hindi:<\/strong> \u0905\u0928\u0941\u0935\u0930\u094d\u0924\u0940 \u0938\u093e\u0930\u094d\u0935\u091c\u0928\u093f\u0915 \u092a\u094d\u0930\u0938\u094d\u0924\u093e\u0935 (Anuvarti Sarvajanik Prastav).<\/li>\n<\/ul>\n\n\n\n<p>Both are part of the <strong>primary market<\/strong>\u2014where companies raise fresh capital directly from investors. This is different from the secondary market, where you and I trade existing shares on NSE and BSE.<\/p>\n\n\n\n<p>Related reading: What is primary market and secondary market<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"beyond-ipo-and-fpo-other-capital-raising-methods\">Beyond IPO and FPO: Other Capital Raising Methods<\/h2>\n\n\n\n<p>Here's where things expand.<\/p>\n\n\n\n<p>IPO and FPO aren't the only ways companies raise money. Smart investors know the full menu but which companies raise money. Let's explore:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"1-ofs-offer-for-sale\"><strong>1. OFS (Offer for Sale)<\/strong><\/h3>\n\n\n\n<p>OFS is specifically for promoters or large shareholders to sell their stakes. No new shares. No fresh capital for the company. Just an ownership transfer.<\/p>\n\n\n\n<p><strong>IPO vs FPO vs OFS:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>IPO = Company's first public sale<br><\/li>\n\n\n\n<li>FPO = Already-listed company raises more money<br><\/li>\n\n\n\n<li>OFS = Existing shareholders (usually promoters) sell their holdings. Think of OFS as a garage sale. The house (company) remains the same, but the furniture (shares) changes hands. <br><\/li>\n\n\n\n<li><strong>When to watch out:<\/strong> If promoters are selling large stakes through OFS without clear reasons (like regulatory requirements or diversification), it <em>might<\/em> signal lack of confidence in future growth. Do your research.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"2-qip-qualified-institutional-placement\">2. QIP (Qualified Institutional Placement)<\/h3>\n\n\n\n<p>QIP is an FPO's sophisticated relative or cousin. In finance, instead of offering shares to the general public, the company sells to qualified institutional buyers (QIBs), for example, mutual funds, insurance companies, foreign portfolio investors.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"why-companies-prefer-qip\"><strong>Why companies prefer QIP:<\/strong><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Faster process (no retail investor paperwork)<\/li>\n\n\n\n<li>Less regulatory burden than full-fledged FPO<\/li>\n\n\n\n<li>Pricing flexibility - shares sold at small discount to market price,<br><\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"ipo-vs-fpo-vs-qip\"><strong>IPO vs FPO vs QIP:<\/strong><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>IPO = Public offer to all investors (first time)<\/li>\n\n\n\n<li>FPO = Public offer to all investors (subsequent)<\/li>\n\n\n\n<li>QIP = Institutional offer only (no retail participation) If you're a retail investor, you can't participate in QIP directly. But you can watch for QIP announcements\u2014they often signal that a company needs capital quickly, which may or may not be a positive sign depending on the use of funds. <\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"3-rights-issue\">3. Rights Issue <\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>This one's different. When a company needs money, it can offer existing shareholders the <em>right<\/em> to buy additional shares at a discounted price, proportional to their current holdings.<\/li>\n\n\n\n<li><strong>Example:<\/strong> You own 100 shares of Company X. It announces a 1:2 rights issue at \u20b950 per share (current market price: \u20b970). You have the right to buy 50 more shares (100 \u00f7 2) at \u20b950 each. You can accept, reject, or sell these rights in the market. <\/li>\n<\/ul>\n\n\n\n<p><strong>IPO vs FPO vs Rights Issue:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>IPO = Open to all investors (first time)<\/li>\n\n\n\n<li>FPO = Open to all investors (subsequent)<\/li>\n\n\n\n<li>Rights Issue = Only offered to existing shareholders Rights issues are generally seen as company-friendly (dilution hits all shareholders proportionally) but may indicate financial stress if the company desperately needs capital. <\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"4-nfo-new-fund-offer\">4. NFO (New Fund Offer) <\/h3>\n\n\n\n<p>Wait, NFO? That's not for companies. It's for mutual funds. When a new mutual fund scheme launches, it's called an NFO. You're buying units of the fund, not shares of a company. Entirely different. <\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"ipo-vs-fpo-vs-nfo\"><strong>IPO vs FPO vs NFO:<\/strong><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>IPO = Company shares (first time)<\/li>\n\n\n\n<li>FPO = Company shares (subsequent)<\/li>\n\n\n\n<li>NFO = Mutual fund units (new scheme launch) Don't confuse the three. If someone tells you an NFO is like an IPO, they're wrong. One gives you equity ownership; the other pools your money into a professionally managed portfolio.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"ipo-or-fpo-choosing-the-better-investment-for-your-portfolio\"><strong>IPO or FPO? Choosing the Better Investment for Your Portfolio<\/strong><\/h2>\n\n\n\n<p>This is the question, isn't it?<\/p>\n\n\n\n<p>You want a definitive answer. You want to hear things like, \"Always invest in FPOs\" or \"IPOs are superior.\" But here's the truth: it depends.<\/p>\n\n\n\n<p>You might not like that answer. But let us explain <em>why<\/em> it depends, and then you will have a framework to decide for yourself.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"when-ip-os-make-sense\">When IPOs Make Sense<\/h3>\n\n\n\n<p>Invest in IPOs when:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>The company has disruptive potential<\/strong> - New-age businesses (tech, fintech, green energy) often debut via IPO before they become market leaders<\/li>\n\n\n\n<li><strong>You can hold long-term<\/strong> - IPO listing gains are taxed, and volatility is high; patience pays<\/li>\n\n\n\n<li><strong>Valuations are reasonable<\/strong> - Compare PE ratios with industry peers; if the IPO is priced 2x-3x higher, be cautious<\/li>\n\n\n\n<li><strong>Promoter holding remains significant<\/strong> - If promoters are selling too much in the IPO, that's a red flag.<\/li>\n<\/ol>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"red-flags-in-ip-os\"><strong>Red flags in IPOs<\/strong>: <\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Promoter selling more than 25% stake<\/li>\n\n\n\n<li>Company has negative cash flows and burning money<\/li>\n\n\n\n<li>PE\/VC firms exiting completely (they know something you don't)<\/li>\n\n\n\n<li>IPO proceeds used primarily for \"general corporate purposes\" (vague = risky)<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"when-fp-os-make-sense\">When FPOs Make Sense : <\/h3>\n\n\n\n<p>Invest in FPOs when:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>The company has a proven track record<\/strong> - Years of profitability, consistent growth, strong fundamentals<\/li>\n\n\n\n<li><strong>FPO is priced at a discount<\/strong> - If the offer price is 10-15% below market price, you're buying value<\/li>\n\n\n\n<li><strong>Fresh capital is for growth<\/strong> - Expansion, acquisitions, capacity building (not debt repayment)<\/li>\n\n\n\n<li><strong>Market sentiment is positive<\/strong> - FPOs in bull markets tend to perform better than bear market FPOs.<\/li>\n<\/ol>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"red-flags-in-fp-os\"><strong>Red flags in FPOs:<\/strong><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Promoters using OFS component to exit heavily<\/li>\n\n\n\n<li>Company has been underperforming in recent quarters<\/li>\n\n\n\n<li>FPO announced right after a major scandal or regulatory action<\/li>\n\n\n\n<li>Use of proceeds is debt repayment (sign of financial stress) <\/li>\n<\/ul>\n\n\n\n<div style=\"height:15px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<figure class=\"wp-block-image size-full popmake-11953\"><img decoding=\"async\" width=\"1536\" height=\"1024\" src=\"https:\/\/lakshmishree.com\/blog\/wp-content\/uploads\/2026\/04\/ipo-vs-fpo-.jpg\" alt=\"A side-by-side financial infographic on a white background showing a telescope icon labeled \u201cThe Explorer (IPO)\u201d representing high-risk growth and a pillar icon labeled \u201cThe Stabilizer (FPO)\u201d representing stability and market validation, separated by a vertical line.\" class=\"wp-image-14846\" srcset=\"https:\/\/lakshmishree.com\/blog\/wp-content\/uploads\/2026\/04\/ipo-vs-fpo-.jpg 1536w, https:\/\/lakshmishree.com\/blog\/wp-content\/uploads\/2026\/04\/ipo-vs-fpo--632x421.jpg 632w, https:\/\/lakshmishree.com\/blog\/wp-content\/uploads\/2026\/04\/ipo-vs-fpo--1024x683.jpg 1024w, https:\/\/lakshmishree.com\/blog\/wp-content\/uploads\/2026\/04\/ipo-vs-fpo--768x512.jpg 768w, https:\/\/lakshmishree.com\/blog\/wp-content\/uploads\/2026\/04\/ipo-vs-fpo--150x100.jpg 150w\" sizes=\"(max-width: 1536px) 100vw, 1536px\" \/><\/figure>\n\n\n\n<div style=\"height:7px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"the-honest-answer\">The Honest Answer <\/h4>\n\n\n\n<p>Neither is inherently better. IPOs offer higher potential returns but come with higher risk and less information. FPOs offer stability, data, and transparency but may not deliver explosive gains. Your choice depends on:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Your risk appetite<\/li>\n\n\n\n<li>Investment time horizon<\/li>\n\n\n\n<li>Market conditions<\/li>\n\n\n\n<li>Company fundamentals<\/li>\n\n\n\n<li>Your portfolio diversification If you're conservative, lean toward FPOs. If you're aggressive and have done deep research, selectively bet on IPOs.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"how-lakshmishree-can-help-you-navigate-ip-os-and-fp-os\">How Lakshmishree Can Help You Navigate IPOs and FPOs<\/h2>\n\n\n\n<p>Here's where we stop being academic and get practical.<\/p>\n\n\n\n<p>At <strong>Lakshmishree Investment &amp; Securities Ltd.<\/strong> With 31 years of experience, we have been guiding investors through IPOs and FPOs since the previous century. We're not just another brokerage we're a SEBI-registered corporate member of NSE, BSE with over 60000+ investors who we help to make informed decisions.<\/p>\n\n\n\n<p>Here's what we offer:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"ipo-application-services\">IPO Application Services<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Seamless IPO applications<\/strong> through your Demat account<\/li>\n\n\n\n<li><strong>UPI-based payment<\/strong> - instant, secure, hassle-free<\/li>\n\n\n\n<li><strong>ASBA facility<\/strong> - your money stays in your bank until allotment<\/li>\n\n\n\n<li><strong>Real-time allotment status<\/strong> tracking Research &amp; Analysis<\/li>\n\n\n\n<li><strong>Pre-IPO reports<\/strong> analyzing company fundamentals, pricing, and risks<\/li>\n\n\n\n<li><strong>FPO evaluation<\/strong> comparing offer price with intrinsic value<\/li>\n\n\n\n<li><strong>Sector insights<\/strong> understanding industry trends before you invest Post-Listing Support<\/li>\n\n\n\n<li><strong>Trading recommendations<\/strong> on when to hold, sell, or accumulate<\/li>\n\n\n\n<li><strong>Portfolio review<\/strong> ensuring IPO\/FPO allocations align with your goals Want to participate in the next big IPO or FPO? <strong><a href=\"https:\/\/ekyc.lakshmishree.com:9080\/\">Open your Demat account with Lakshmishree today<\/a><\/strong> and get access to our research team's insights on every public offering. <strong><a href=\"https:\/\/ekyc.lakshmishree.com:9080\/\">Open Demat Account<\/a> \u2192<\/strong><\/li>\n<\/ul>\n\n\n\n<p class=\"has-text-align-center\">Related reading in this section: <strong><a href=\"https:\/\/lakshmishree.com\/blog\/asba-full-form\/\">ASBA facility<\/a><\/strong>- your money stays in your bank until allotment.<\/p>\n\n\n\n<div style=\"height:7px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<style>\n    .lks-fluid-cta {\n        background: #ffffff;\n        border: 1px solid #e0e0e0;\n        border-top: 4px solid #f37021;\n        border-radius: 12px;\n        padding: 2.5rem 1.5rem;\n        margin: 2.5rem auto;\n        box-shadow: 0 15px 35px rgba(0, 0, 0, 0.05);\n        font-family: 'Segoe UI', Roboto, Arial, sans-serif;\n        text-align: center;\n        \/* Fluid width that adapts to any parent container *\/\n        width: 100%;\n        max-width: 50rem; \/* Prevents it from getting absurdly wide on desktop *\/\n        box-sizing: border-box;\n    }\n\n    .lks-cta-title {\n        color: #222;\n        font-size: 1.6rem;\n        font-weight: 800;\n        margin-bottom: 0.8rem;\n        letter-spacing: -0.5px;\n        line-height: 1.2;\n    }\n\n    .lks-cta-text {\n        color: #555;\n        font-size: 1.05rem;\n        line-height: 1.6;\n        margin-bottom: 2rem;\n    }\n\n    .lks-cta-text b {\n        color: #f37021;\n    }\n\n    .lks-btn-group {\n        display: flex;\n        flex-wrap: wrap;\n        gap: 1rem;\n        justify-content: center;\n        align-items: center;\n        width: 100%;\n    }\n\n    \/* Primary: Open Demat *\/\n    .lks-main-btn {\n        background-color: #f37021;\n        color: #ffffff !important;\n        padding: 0.9rem 2rem;\n        border-radius: 6px;\n        text-decoration: none !important;\n        font-weight: 700;\n        font-size: 1rem;\n        border: 2px solid #f37021;\n        transition: all 0.3s ease;\n        animation: lks-heartbeat 2s infinite;\n        flex: 1 1 auto; \/* Allows shrinking and growing *\/\n        text-align: center;\n        max-width: 20rem; \/* Prevents buttons from stretching too much *\/\n    }\n\n    \/* Secondary: Research Blog *\/\n    .lks-sec-btn {\n        background-color: #ffffff;\n        color: #f37021 !important;\n        padding: 0.9rem 2rem;\n        border-radius: 6px;\n        text-decoration: none !important;\n        font-weight: 700;\n        font-size: 1rem;\n        border: 2px solid #f37021;\n        transition: all 0.3s ease;\n        flex: 1 1 auto; \/* Allows shrinking and growing *\/\n        text-align: center;\n        max-width: 20rem; \/* Prevents buttons from stretching too much *\/\n    }\n\n    \/* Interactions *\/\n    .lks-main-btn:hover {\n        background-color: #ff853c;\n        transform: translateY(-2px);\n    }\n\n    .lks-sec-btn:hover {\n        background-color: #fff8f4;\n        transform: translateY(-2px);\n    }\n\n    @keyframes lks-heartbeat {\n        0% { box-shadow: 0 0 0 0 rgba(243, 112, 33, 0.4); }\n        70% { box-shadow: 0 0 0 12px rgba(243, 112, 33, 0); }\n        100% { box-shadow: 0 0 0 0 rgba(243, 112, 33, 0); }\n    }\n\n    \/* Fallback for smaller screens to stack neatly *\/\n    @media (max-width: 600px) {\n        .lks-btn-group {\n            flex-direction: column;\n        }\n        .lks-main-btn, .lks-sec-btn {\n            width: 100%;\n            max-width: 100%; \/* Stretches to fill mobile width *\/\n        }\n    }\n<\/style>\n\n<div class=\"lks-fluid-cta\">\n    <div class=\"lks-cta-title\">Don't Leave Your Wealth to Chance.<\/div>\n    <div class=\"lks-cta-text\">\n        Join <b>60,000+ investors<\/b> backed by 31 years of institutional expertise. Open your account today and get a free IPO\/FPO analysis + <b>Zero Brokerage<\/b> for 30 days.\n    <\/div>\n    \n    <div class=\"lks-btn-group\">\n        <!-- Action 1: Open Demat -->\n        <a href=\"https:\/\/ekyc.lakshmishree.com:9080\/\" target=\"_blank\" class=\"lks-main-btn\">Open Free Demat Account<\/a>\n        \n        <!-- Action 2: Research -->\n        <a href=\"https:\/\/lakshmishree.com\/blog\/\" target=\"_blank\" class=\"lks-sec-btn\">Research Yourself First<\/a>\n    <\/div>\n<\/div>\n\n\n\n<div style=\"height:9px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"common-misconceptions-about-ipo-and-fpo\">Common Misconceptions About IPO and FPO<\/h2>\n\n\n\n<p>Let's bust some myths.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"myth-1-all-ip-os-give-listing-gains\">Myth 1: All IPOs give listing gains<\/h3>\n\n\n\n<p><strong>Reality:<\/strong> Many IPOs list below issue price. Paytm's IPO in 2021 listed at \u20b91,950 against an issue price of \u20b92,150 - a 9.3% loss on day one. LIC's mega IPO in 2022 also listed below issue price.<\/p>\n\n\n\n<p>Listing gains are not guaranteed. They depend on market conditions, valuations, and demand-supply dynamics.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"myth-2-fp-os-are-always-safer-than-ip-os\">Myth 2: FPOs are always safer than IPOs<\/h3>\n\n\n\n<p><strong>Reality:<\/strong> YES Bank's FPO in 2020 was meant to rescue the struggling bank. Investors who subscribed hoping for safety lost money as the stock continued to decline post-FPO.<\/p>\n\n\n\n<p>FPOs can fail too. Especially if the company is in distress.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"myth-3-you-should-apply-for-every-ipo\">Myth 3: You should apply for every IPO<\/h3>\n\n\n\n<p><strong>Reality:<\/strong> Quality over quantity. Applying blindly to every IPO is a recipe for capital destruction. Research each opportunity. Understand the business. Compare valuations. Only then invest.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"myth-4-ipo-and-fpo-are-the-same-thing\">Myth 4: IPO and FPO are the same thing<\/h3>\n\n\n\n<p><strong>Reality:<\/strong> If you've read this far, you know this is completely wrong; the finance implications and strategies differ greatly between IPOs and FPOs. IPO is the debut; FPO is the encore. Different stages, different risks, different information availability.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"the-ipo-vs-fpo-decision-framework\">The IPO vs FPO Decision Framework<\/h2>\n\n\n\n<p>Let Us give you a checklist. Practical. Actionable. Use this every time you<br>evaluate a IPO or FPO.<\/p>\n\n\n\n<p><strong>Before Investing in an IPO, Ask:<\/strong><\/p>\n\n\n\n<p>\u2713 Does the company have a unique competitive advantage?<br>\u2713 Are promoters retaining significant skin in the game (&gt;60% post-IPO)?<br>\u2713 Is the business model profitable, or at least has a clear path to profitability?<br>\u2713 Are valuations reasonable compared to listed peers?<br>\u2713 Is the IPO priced for long-term growth or short-term hype?<br>\u2713 What are the risk factors disclosed in the prospectus?<br>\u2713 Who are the anchor investors? (Quality matters)<br>\u2713 What will the company do with IPO proceeds?<\/p>\n\n\n\n<p><strong>Before Investing in an FPO, Ask:<\/strong><\/p>\n\n\n\n<p>\u2713 Why does the company need more capital now?<br>\u2713 Is it a fresh issue (company gets money) or OFS (promoters exit)?<br>\u2713 How has the stock performed in the last 1-3 years?<br>\u2713 Are quarterly results improving or declining?<br>\u2713 Is the FPO priced at a discount to market price?<br>\u2713 What is analyst consensus on the stock?<br>\u2713 Is promoter holding increasing or decreasing through this FPO?<br>\u2713 Will the dilution impact EPS significantly?<\/p>\n\n\n\n<p>If you can't answer these questions confidently, don't invest. Simple as that.<\/p>\n\n\n\n<div style=\"height:7px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"understanding-the-sebi-framework-for-ipo-and-fpo\">Understanding the SEBI Framework for IPO and FPO<\/h2>\n\n\n\n<p>SEBI doesn't just regulate; it aims to protect. Here's how the regulatory framework<br>ensures fairness:<\/p>\n\n\n\n<p>For IPOs:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>DRHP must be available for public comments for at least 21 days after filing.<\/strong><\/li>\n\n\n\n<li><strong>Merchant bankers are legally responsible for conducting and certifying due diligence.<\/strong><\/li>\n\n\n\n<li><strong>Minimum subscription of 90% of the offer is required, otherwise the issue is refunded.<\/strong><\/li>\n\n\n\n<li><strong>Retail allocation is at least 35% for profitable firms, but capped at 10% for others.<\/strong><\/li>\n\n\n\n<li><strong>Price band<\/strong> disclosed; investors bid within range (book building) or at fixed price<\/li>\n\n\n\n<li><strong>Allotment<\/strong> done proportionately or via lottery if oversubscribed<\/li>\n\n\n\n<li><strong>Refunds<\/strong> processed within 10 days; listing within T+3 of closure For FPOs:<\/li>\n\n\n\n<li><strong>Less stringent<\/strong> than IPO (company already listed, track record available)<\/li>\n\n\n\n<li><strong>Pricing<\/strong> usually at a discount to prevailing market price<\/li>\n\n\n\n<li><strong>Faster timelines<\/strong> compared to IPO<\/li>\n\n\n\n<li><strong>Similar allocation norms<\/strong> for retail, HNI, and institutional investors.<\/li>\n<\/ol>\n\n\n\n<p>SEBI's role is crucial. But remember: regulation ensures process integrity, not investment success.<br>Due diligence is still your responsibility.<\/p>\n\n\n\n<p class=\"has-text-align-center\">Related Reading from this section: <a href=\"https:\/\/lakshmishree.com\/blog\/hni-full-form-meaning-ipo-india\/\">HNI Full Form, Meaning &amp; How to Apply as HNI in an IPO<\/a><\/p>\n\n\n\n<ol class=\"wp-block-list\"><\/ol>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"ipo-vs-fpo-vs-ofs-the-three-way-distinction\">IPO vs FPO vs OFS: The Three-Way Distinction<\/h2>\n\n\n\n<p>Let's lock this in once again and for the last time.<\/p>\n\n\n\n<p><strong>IPO (Initial Public Offering):<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Company's first time going public<\/li>\n\n\n\n<li>Fresh shares created OR existing shares sold (or both)<\/li>\n\n\n\n<li>Company transitions from private to public <\/li>\n<\/ul>\n\n\n\n<p><strong>FPO (Follow-on Public Offering):<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Already-listed company raises more capital<\/li>\n\n\n\n<li>Can be dilutive (fresh issue) or non-dilutive (OFS) or both<\/li>\n\n\n\n<li>Company expands its equity base <\/li>\n<\/ul>\n\n\n\n<p><strong>OFS (Offer for Sale):<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Specifically for existing shareholders to sell their stakes<\/li>\n\n\n\n<li>No fresh capital for the company<\/li>\n\n\n\n<li>Usually promoters or institutional investors exiting <\/li>\n<\/ul>\n\n\n\n<p><strong>Think of it this way:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>IPO = Grand opening of a new public company<\/li>\n\n\n\n<li>FPO = Existing public company expands operations (needs more capital)<\/li>\n\n\n\n<li>OFS = Existing shareholders want to cash out (no new capital).<\/li>\n<\/ul>\n\n\n\n<p>All three happen in the primary market. All three are SEBI-regulated. But the intent, structure, and investor implications are different.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"real-world-case-studies-ipo-vs-fpo-in-action\">Real-World Case Studies: IPO vs FPO in Action<\/h2>\n\n\n\n<p>Theory is fine. But let's look at actual examples.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"case-study-1-zomato-ipo-2021-the-startup-dream\"><strong>Case Study 1: Zomato IPO (2021) - The Startup Dream<\/strong><\/h3>\n\n\n\n<p><strong>Background:<\/strong>\u00a0Zomato, India's leading food delivery platform, launched its IPO in July 2021 at \u20b976 per share. The <a href=\"https:\/\/www.chittorgarh.com\/ipo\/zomato-ipo\/1126\/\" target=\"_blank\" rel=\"noopener\">company raised \u20b99,375 crore<\/a>.<\/p>\n\n\n\n<p><strong>IPO Details:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Issue size:<\/strong>\u00a071.92 crore shares<\/li>\n\n\n\n<li><strong>Price band:<\/strong>\u00a0\u20b972-76<\/li>\n\n\n\n<li><strong>Subscription:<\/strong>\u00a038.25 times oversubscribed<\/li>\n\n\n\n<li><strong>Listing:<\/strong>\u00a0\u20b9116 (52.6% premium on day 1)<\/li>\n<\/ul>\n\n\n\n<p><strong>What happened next:<\/strong>&nbsp;The stock soared to \u20b9169 within months, then crashed below \u20b950 during the 2022 market correction. As of 2026, it trades around \u20b9185, validating long-term believers but punishing short-term speculators.<\/p>\n\n\n\n<p><strong>Lesson:<\/strong>&nbsp;IPOs can be volatile. If you believed in Zomato's long-term story and held through the volatility, you won. If you chased listing gains and sold at \u20b950, you lost.<\/p>\n\n\n\n<p class=\"has-text-align-center\"><strong>Suggested reading from this Section:<\/strong>\u00a0<strong><a href=\"https:\/\/lakshmishree.com\/blog\/mukesh-ambani-companies\/\">Mukesh Ambani startup investments<\/a><\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"case-study-2-yes-bank-fpo-2020-the-survival-capital-move\"><strong>Case Study 2: Yes Bank FPO (2020) - The Survival Capital Move<\/strong><\/h3>\n\n\n\n<p><strong>Background:<\/strong>&nbsp;Yes Bank, once a high-flying private lender, launched a massive FPO in July 2020 to raise \u20b915,000 crore to rebuild its capital base following a regulatory rescue.<\/p>\n\n\n\n<p><strong>FPO Details:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Issue price:<\/strong>\u00a0\u20b912 per share (set at a deep discount to the market price)<\/li>\n\n\n\n<li><strong>Dilutive FPO:<\/strong>\u00a0Massive fresh issue of shares<\/li>\n\n\n\n<li><strong>Subscription:<\/strong>\u00a095% subscribed (eventually fully anchored by institutions)<\/li>\n<\/ul>\n\n\n\n<p><strong>What happened next:<\/strong>&nbsp;The stock faced heavy pressure due to the massive supply of new shares (equity dilution). While it helped the bank survive and meet regulatory capital requirements, the share price remained stagnant for years, testing the patience of retail investors.<\/p>\n\n\n\n<p><strong>Lesson:<\/strong>&nbsp;FPOs from companies in distress can be \"equity heavy.\" Even if the business survives, the sheer number of new shares can prevent the stock price from rising quickly in the short term.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"case-study-3-paytm-ipo-2021-the-overvaluation-trap\"><strong>Case Study 3: Paytm IPO (2021) - The Overvaluation Trap<\/strong><\/h3>\n\n\n\n<p><strong>Background:<\/strong>\u00a0<a href=\"https:\/\/indianexpress.com\/article\/business\/companies\/paytm-crashes-on-listing-day-1-4th-investor-wealth-eroded-7630096\/#:~:text=The%20size%20of%20the%20IPO,in%20the%20segments%20Paytm%20operates.\" target=\"_blank\" rel=\"noopener\">Paytm launched India's largest-ever IPO at \u20b92,150 per share<\/a>, raising \u20b918,300 crore.<\/p>\n\n\n\n<p><strong>IPO Details:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Subscription:<\/strong>\u00a01.8 times (weak response)<\/li>\n\n\n\n<li><strong>Listing:<\/strong>\u00a0\u20b91,950 (9.3% loss on day 1)<\/li>\n\n\n\n<li><strong>Analyst warnings:<\/strong>\u00a0Overvalued, no clear path to profitability.<\/li>\n<\/ul>\n\n\n\n<p><strong>What happened next:<\/strong>&nbsp;The stock crashed to below \u20b9500 within a year. Investors lost 75%+ of their capital. It became one of India's biggest IPO disasters.<\/p>\n\n\n\n<p><strong>Lesson:<\/strong>&nbsp;Valuations matter. Hype doesn't. If an IPO is priced too aggressively and fundamentals don't justify it, stay away.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"tax-implications-ipo-vs-fpo\">Tax Implications: IPO vs FPO<\/h2>\n\n\n\n<p>Let's talk money and numbers. Specifically, how much you keep versus how much you pay the government.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"1-short-term-capital-gains-stcg\"><strong>1. Short-Term Capital Gains (STCG)<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Condition:<\/strong>\u00a0You sell the shares\u00a0within 12 months\u00a0of allotment.<\/li>\n\n\n\n<li><strong>Tax Rate:<\/strong>\u00a0A flat\u00a0<strong>20%<\/strong>\u00a0(plus 4% cess).<\/li>\n\n\n\n<li><strong>Exemption:<\/strong>\u00a0There is\u00a0<strong>no specific exemption<\/strong>\u00a0for STCG; the first rupee of gain is taxable.<\/li>\n\n\n\n<li><strong>Example:<\/strong>\u00a0You buy at \u20b9100 and sell at \u20b9150 within 6 months.\n<ul class=\"wp-block-list\">\n<li><strong>Profit:<\/strong>\u00a0\u20b950 per share<\/li>\n\n\n\n<li><strong>Tax:<\/strong>\u00a0\u20b910 per share (20% of \u20b950)<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"2-long-term-capital-gains-ltcg\"><strong>2. Long-Term Capital Gains (LTCG)<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Condition:<\/strong>\u00a0You sell the shares\u00a0after holding for more than 12 months.<\/li>\n\n\n\n<li><strong>Tax Rate:<\/strong>\u00a0<strong>12.5%<\/strong>\u00a0on the portion of total yearly gains that exceeds \u20b91.25 lakh.<\/li>\n\n\n\n<li><strong>Exemption:<\/strong>\u00a0The first\u00a0\u20b91.25 lakh\u00a0of your total LTCG for the entire financial year is\u00a0tax-free.<\/li>\n\n\n\n<li><strong>Example:<\/strong>\u00a0You buy at \u20b9200 and sell at \u20b9350 after 18 months. Total yearly gain is \u20b92,00,000.\n<ul class=\"wp-block-list\">\n<li><strong>Total Gain:<\/strong>\u00a0\u20b92,00,000<\/li>\n\n\n\n<li><strong>Exempt Amount:<\/strong>\u00a0\u20b91,25,000<\/li>\n\n\n\n<li><strong>Taxable Gain:<\/strong>\u00a0\u20b975,000<\/li>\n\n\n\n<li><strong>Tax:<\/strong>\u00a0\u20b99,375 (12.5% of \u20b975,000)<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"comparison-table-ipo-fpo-taxation\"><strong>Comparison Table: IPO\/FPO Taxation<\/strong><\/h3>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><th class=\"has-text-align-left\" data-align=\"left\">Feature&nbsp;<\/th><th class=\"has-text-align-left\" data-align=\"left\">Short-Term (STCG)<\/th><th class=\"has-text-align-left\" data-align=\"left\">Long-Term (LTCG)<\/th><\/tr><tr><td><strong>Holding Period<\/strong><\/td><td>Up to 12 months<\/td><td>More than 12 months<\/td><\/tr><tr><td><strong>Tax Rate<\/strong><\/td><td><strong>20%<\/strong><\/td><td><strong>12.5%<\/strong><\/td><\/tr><tr><td><strong>Exemption<\/strong><\/td><td>None (Fully taxable)<\/td><td>First&nbsp;<strong>\u20b91.25 Lakh<\/strong>&nbsp;per year is free<\/td><\/tr><tr><td><strong>Listing Gains?<\/strong><\/td><td>Usually STCG (20%)<\/td><td>N\/A<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"has-text-align-center\">Related Reading from this section: <a href=\"https:\/\/lakshmishree.com\/blog\/blog-ltcg-vs-stcg-tax-india\/\">LTCG Vs STCG Taxation in India <\/a> <\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"how-to-apply-for-ipo-and-fpo-through-lakshmishree\">How to Apply for IPO and FPO Through Lakshmishree<\/h2>\n\n\n\n<p>Let us make this simple.<\/p>\n\n\n\n<p>Step 1: Open a <a href=\"https:\/\/ekyc.lakshmishree.com:9080\/\">Demat Account<\/a><br>You need a Demat account to hold shares electronically. At Lakshmishree, opening an account takes 5  minutes online.<\/p>\n\n\n\n<p class=\"popmake-11953\"><a href=\"#\"><strong>Start Your Demat Account Application \u2192<\/strong><\/a><\/p>\n\n\n\n<p>Step 2: Link Your Bank Account<br>Use UPI or net banking for instant, seamless payments. Your money stays in your account until shares are allotted (ASBA mechanism).<\/p>\n\n\n\n<p>Step 3: <a href=\"http:\/\/lakshmishree.com\/ipo\/\">Check IPO\/FPO Calendar<\/a><br>We publish upcoming IPOs and FPOs on our platform. Read our research reports. Understand the opportunity.<\/p>\n\n\n\n<p>Step 4: <a href=\"http:\/\/lakshmishree.com\" data-type=\"link\" data-id=\"lakshmishree.com\">Apply Online<\/a><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Log in to your Lakshmishree account<\/li>\n\n\n\n<li>Navigate to IPO section<\/li>\n\n\n\n<li>Select the IPO\/FPO you want to apply for<\/li>\n\n\n\n<li>Enter bid quantity and price (for book-built issues)<\/li>\n\n\n\n<li>Confirm UPI payment <\/li>\n<\/ul>\n\n\n\n<p>Step 5: Track Allotment <br>Check allotment status on the registrar's website or through our platform. If allotted, shares credited to your Demat account. If not, refund processed automatically. <\/p>\n\n\n\n<p>Step 6: Decide Your Strategy<br>Hold for long-term wealth creation or trade on listing day\u2014your call. We provide post-listing research to guide your decision. <\/p>\n\n\n\n<p><strong>Need help?<\/strong> Our relationship managers are available to assist. Call us or chat online.<\/p>\n\n\n\n<p>More Resources On IPO : <a href=\"https:\/\/lakshmishree.com\/support\/knowledgebase\/categories\/ipo-initial-public-offering\">Knowledge base On IPO<\/a><\/p>\n\n\n\n<div style=\"height:9px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"ipo-and-fpo-what-sebi-wants-you-to-know\">IPO and FPO: What SEBI Wants You to Know<\/h2>\n\n\n\n<p>SEBI publishes investor awareness content. Here are the key warnings:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Read the prospectus carefully<\/strong> - Don't rely on social media tips or WhatsApp forwards<\/li>\n\n\n\n<li><strong>Check company fundamentals<\/strong> - Revenue, profit, debt, promoter background<\/li>\n\n\n\n<li><strong>Understand risk factors<\/strong> - Every prospectus lists them; don't ignore<\/li>\n\n\n\n<li><strong>Beware of grey market premiums (GMP)<\/strong> - Unofficial, unregulated, often manipulated<\/li>\n\n\n\n<li><strong>Don't invest borrowed money<\/strong> - IPOs can fail; use only surplus capital<\/li>\n\n\n\n<li><strong>Verify intermediaries<\/strong> - Ensure your broker is SEBI-registered (Lakshmishree is: INZ000170330) SEBI's message is clear: Invest with eyes open. Research. Question. Don't follow blindly.<\/li>\n<\/ol>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"the-future-of-ip-os-and-fp-os-in-india\">The Future of IPOs and FPOs in India<\/h2>\n\n\n\n<p>Let's peer ahead.<\/p>\n\n\n\n<p>India's IPO market is booming. In 2025 alone, over \u20b91.5 lakh crore was raised through IPOs. FPOs, while less frequent, remain crucial for companies needing growth capital.<\/p>\n\n\n\n<p><strong>Trends to watch:<\/strong><\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Rise of new-age tech IPOs<\/strong> - Fintech, edtech, SaaS companies going public younger<\/li>\n\n\n\n<li><strong>SEBI's push for faster listings<\/strong> - Reducing time from closure to listing (currently 6 days)<\/li>\n\n\n\n<li><strong>Institutional participation growing<\/strong> - QIPs becoming more popular than traditional FPOs<\/li>\n\n\n\n<li><strong>Retail investor boom<\/strong> - More Demat accounts = more IPO applications<\/li>\n\n\n\n<li><strong>Regulatory tightening<\/strong> - SEBI cracking down on overvaluations and financial misrepresentation.<\/li>\n<\/ol>\n\n\n\n<p><strong>What this means for you:<\/strong> More opportunities, but also more noise. The ability to separate good IPOs from hyped ones will determine your returns. Lakshmishree's research team stays ahead of these trends. We analyze every IPO and FPO, providing you with unbiased, data-driven insights.<\/p>\n\n\n\n<ol class=\"wp-block-list\"><\/ol>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"final-thoughts-your-ipo-vs-fpo-takeaway\">Final Thoughts: Your IPO vs FPO Takeaway<\/h2>\n\n\n\n<p>Let's bring it all together.<\/p>\n\n\n\n<p>IPO vs FPO isn't a battle. It's a choice. A choice informed by your goals, your risk appetite, and the specific opportunity in front of you.<\/p>\n\n\n\n<p>IPOs offer excitement. The thrill of being early. The potential for explosive returns. But they come with information gaps, volatility, and the risk of overpaying for hype.<\/p>\n\n\n\n<p>FPOs offer stability. Years of track record. Market validation. Lower risk. But they may not deliver the adrenaline rush or the multibagger returns that IPOs occasionally do.<\/p>\n\n\n\n<p><strong>The smart investor's approach?<\/strong><\/p>\n\n\n\n<p>Diversify across both. Allocate a small portion of your portfolio to carefully researched IPOs. Invest in FPOs when fundamentally strong companies offer value. Don't put all your eggs in one basket.<\/p>\n\n\n\n<p>And most importantly: Do your homework. Read prospectuses. Analyze financials. Understand the business. Don't blindly follow tips.<\/p>\n\n\n\n<p>You came here confused about IPO vs FPO. You're leaving with clarity. You know the definitions, the differences, the risks, the opportunities, and the frameworks to make smart decisions.<\/p>\n\n\n\n<p>That's the Lakshmishree promise. We don't just execute trades; we educate investors.<\/p>\n\n\n\n<p><strong>Ready to start your investment journey?<\/strong><\/p>\n\n\n\n<p>Open your Demat account with Lakshmishree today and get access to:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Exclusive IPO and FPO research reports<\/li>\n\n\n\n<li>Priority allotment support<\/li>\n\n\n\n<li>24\/7 customer service<\/li>\n\n\n\n<li>Zero brokerage on delivery trades for the first month <strong><a href=\"https:\/\/ekyc.lakshmishree.com:9080\/\">Open Your Demat Account Now \u2192<\/a><\/strong> <em>Lakshmishree Investment &amp; Securities Ltd. - Trusted since 2005 | SEBI Registered: INZ000170330<\/em><\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"frequently-asked-questions-fa-qs\">Frequently Asked Questions (FAQs)<\/h2>\n\n\n<div id=\"rank-math-faq\" class=\"rank-math-block\">\n<div class=\"rank-math-list \">\n<div id=\"faq-question-1776414594134\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">1. What is the main difference between IPO and FPO?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p>IPO is a company's first public sale of shares, while FPO is when an already-listed company sells additional shares. IPO transitions a private company to public; FPO raises more capital for an existing public company.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1776414633469\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">2. Which is safer: IPO or FPO?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p>FPOs are generally safer because the company has a proven track record, years of financial data, and established market presence. IPOs carry higher risk due to lack of historical performance data.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1776414645586\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"> 3. Can I participate in both IPO and FPO?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Yes. Both are open to retail investors. You need a Demat account and sufficient funds to apply.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1776414664343\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">4. What is the difference between FPO and OFS?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p>FPO can include fresh issue (company gets capital) or OFS (existing shareholders sell), or both. OFS specifically means no new shares are created\u2014only existing ones change hands.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1776414680624\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">5. How long does it take to get shares after IPO\/FPO allotment?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Shares are credited to your Demat account within T+3 working days of the issue closing (as per SEBI norms). Refunds for non-allotment are processed within 10 days.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1776414694697\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">6. What is QIP, and how is it different from FPO?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p>QIP (Qualified Institutional Placement) is a faster way for listed companies to raise funds by selling shares only to institutional investors, not retail. FPO is open to all investors.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1776414711351\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"> 7. Are IPO and FPO part of the primary market or secondary market?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Both are part of the <strong>primary market<\/strong>, where companies raise capital directly from investors. The secondary market (NSE, BSE) is where existing shares are traded between investors.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1776414727320\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">8. Can I sell IPO shares on the listing day?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Yes. Once shares are listed on stock exchanges, you can sell them immediately. However, remember that short-term gains are taxed at 20%.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1776414741063\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"> 9. What happens if an IPO or FPO is undersubscribed?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p>If an IPO receives less than 90% subscription, it's considered a failure and the entire amount is refunded. FPOs also face similar scrutiny, though requirements may vary.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1776414760419\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">10. How do I know if an IPO or FPO is overpriced?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Compare the company's price-to-earnings (P\/E) ratio with industry peers. Read analyst reports. Check if promoters are selling heavily. If valuations seem disconnected from fundamentals, it's likely overpriced.<\/p>\n\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n<p><strong>Disclaimer:<\/strong> This article is for educational purposes only and should not be construed as investment advice. IPO and FPO investments carry market risks. Please read all offer-related documents carefully and consult with a financial advisor before investing. Past performance is not indicative of future results.<\/p>\n\n\n\n<p><em>Published by Lakshmishree Investment &amp; Securities Ltd. | CIN: U74110MH2005PLC157942 | SEBI Registration: INZ000170330<\/em> <\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>You're here because you saw two terms. IPO and FPO. They sound similar, and they both involve companies raising money. Both happen in the stock market. But here's what you need to know right now: An IPO is when a company sells shares to the public for the first time. An FPO is when an [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":14845,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[336],"tags":[768,765,766,761,763,760,767,762,759,769,764],"class_list":["post-14839","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo","tag-capital-markets","tag-equity-markets-india","tag-financial-infographic","tag-follow-on-public-offering","tag-fpo-meaning","tag-initial-public-offering","tag-investment-concepts","tag-ipo-meaning","tag-ipo-vs-fpo","tag-lakshmishree-infographic","tag-stock-market-basics"],"_links":{"self":[{"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts\/14839","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/comments?post=14839"}],"version-history":[{"count":5,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts\/14839\/revisions"}],"predecessor-version":[{"id":14850,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts\/14839\/revisions\/14850"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/media\/14845"}],"wp:attachment":[{"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/media?parent=14839"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/categories?post=14839"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/tags?post=14839"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}