A Seasoned Equity Offering (SEO) is the issuance of additional shares by a company that is already publicly listed to raise more capital.
A Seasoned Equity Offering occurs after a company has already gone public through an IPO. It is also commonly known as a secondary offering or Follow-on Public Offer (FPO).
Companies use SEOs to raise funds for expansion, repay debt, or finance new projects. These offerings are conducted through stock exchanges like the National Stock Exchange and Bombay Stock Exchange under regulation of the Securities and Exchange Board of India.
"A listed company issues new shares to raise ₹1,000 crore for expansion—this is a Seasoned Equity Offering."