Support and Resistance Levels
Past performance
About AFLOAT Enterprises Ltd Afloat Enterprises Limited, initially founded as Aawas Infratech Private Limited in 2015, has undergone several name changes, with its current designation effective from October 26, 2023. Focused primarily on trading iron and steel products like tin plates and scrap, Afloat Enterprises also engages in the import and export of agricultural commodities such as wheat, rice, and corn. Promoted by Mr. Pawan Kumar Mittal, the company originally aimed at real estate development but transitioned to its current business model. Operating from New Delhi, Afloat Enterprises functions as a B2B intermediary, procuring goods on an order basis to avoid inventory holdings.
In October 2021, the company raised Rs 2 Crore through a public issue of 1,820,000 equity shares. Despite facing competition from larger traders and manufacturers with broader product ranges, Afloat Enterprises maintains its market presence by focusing on specific product lines and regional markets.