Follow-on Public Offering - FPO
FPO of Follow on Public Offer is a process in which a listed company issues new shares to the public to raise capital. There are two types of FPOs.
- Dilutive Offering : When share float is increasing. And the capital raised goes to the company.
- Non-Dilutive Offering : When company insiders (directors/ promoters) are offering their stake in the company. The capital raised doesn’t go to the company, but it could still benefit the company as some of the minority shareholders might exit from the company.
As on July 15 2020, in the Indian Equity Markets, Yes Bank has brought a FPO to raise INR 15000 crore. The details of Yes Bank FPO are as follows:
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FPO Date: Jul 15, 2020 to July 17, 2020
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FPO Price: Rs. 12 to Rs. 13 per equity share
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Market Lot: 1000 Shares
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Minimum Order: 1000 Shares
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Allotment Date: Jul 22, 2020
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Refund Initiation: Jul 23, 2020
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Credit of Shares in Demat Account: Jul 24, 2020
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Listing Date : Jul 27, 2020