IPO (Initial Public Offering) is when a company offers shares to the public for the first time, FPO is follow-up..IPO raises capital for business expansion or debt repayment; FPO is used to raise additional funds after listing..IPO shares are offered at a fixed or book-built price; FPO pricing may vary based on market conditions..IPOs target new investors entering the market; FPOs often appeal to existing shareholders or long-term investors..Both IPO and FPO require SEBI approvals, but FPO processes are relatively more straightforward than initial public offerings. .Read more stories.