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Some red flags in the red herring prospectus of #mrsbectorsipo which I am sure would be ignored completely because to hell with corporate governance when we can make money easily in IPOs!
A small thread to point out the same🧵👇
#investing #investors #mrsbectors
A small thread to point out the same🧵👇
#investing #investors #mrsbectors
1. So, the company is paying a salary of Rs. 1 crore to Mrs. Rashmi Bector, spouse of the promoter and her role is not defined anywhere in the prospectus!
You can see this on page no.21 of the prospectus. I am attaching an image for the reference.
You can see this on page no.21 of the prospectus. I am attaching an image for the reference.
2. This is odd because the company has defined the roles of every other executive but not of Mrs. Rashmi Bector. You may read this from page 203 onwards. I am adding an image for reference.
