• New walk-in Origin Fresh Stores to offer 250+ SKUs of fruits, vegetables, hydroponics, exotics, and daily essentials through a modern neighbourhood retail experience
• Backed by AI-driven inventory planning and controlled cold chain infrastructure to ensure produce is delivered at peak freshness
• Hydroponics grown using Deep Water Culture technology offer more nutrients, residue-free produce, enhanced freshness, and shelf life
• With women farmers comprising over 50% of its growing regions across India, Origin Fresh is supported by a network of more than 10,000 micro-farmers and maintains less than 5% wastage across its operations.

PUNE: Origin Fresh, India’s pioneering premium fresh produce brand, has expanded into West India with the launch of its first store in Koregaon Park, Pune. The launch marks a significant milestone for the Bengaluru-headquartered company, which operates an omnichannel model comprising physical stores, its own app and website, and quick commerce platforms.

The choice of Koregaon Park reflects Origin Fresh’s focus on serving consumers who place a premium on quality, freshness, and conscious food choices. Known for its vibrant lifestyle, global outlook, and evolving food culture, the neighbourhood presents a strong strategic fit for the brand’s quality-first approach to fresh produce retail.

The new store offers over 250+ SKUs of fruits, vegetables, and daily essentials, including more than 150+ speciality and exotic varieties sourced through domestic and international farmer partners. The assortment includes Korean Pears, Japanese Sun Fuji Apples, Cotton Candy Grapes, Yellow Dragon Fruit, and hydroponically grown lettuces, catering to growing demand for global flavours, healthier lifestyles, and ingredient-led food experiences.

Commenting on the launch, Prashanth Vasan, Co-Founder and CEO, Origin Fresh, said, “Pune represents an important milestone in our growth journey. It is a city with a discerning consumer base that values quality, authenticity, and better food choices. Koregaon Park, in particular, embodies the characteristics of the modern Origin Fresh customer, someone who is conscious about what they consume and seeks the very best. Through this launch, we are bringing our expertise in premium assortment and quality commitment closer to households in the city. Pune is the first step in our West India expansion strategy, and we see a significant opportunity to build a strong presence in the region.”

“I wish the entire Origin Fresh team the very best on this exciting new chapter. Having already established a strong presence across Bengaluru, Mysuru, and Chennai, it is wonderful to see them now expand into Pune. I am confident that the people of Pune will appreciate the quality, freshness, and convenience that Origin Fresh brings. It is encouraging to see a brand focused on making fresh fruits and vegetables more accessible while supporting the farming community. I look forward to seeing Origin Fresh expand its footprint across Pune and Mumbai and enable many more families to enjoy fresh, responsibly sourced produce,” Shri Ranjit Shrikant Shirole, General Secretary, Maharashtra Navnirman Sena (MNS), said during the store launch.

Built on a promise of delivering premium fresh produce, Origin Fresh employs a rigorous five-step quality assurance process that spans sourcing, grading, handling, storage, and distribution. The brand also offers hydroponically grown produce cultivated using Deep Water Culture (DWC) technology, enabling residue-free produce with enhanced freshness and longer shelf life.  Complementing the retail experience is the Origin Fresh app, which provides access to fresh, exotic, hydroponic, and everyday produce. The platform also features the brand’s proprietary Ripeness Quotient, allowing customers to select fruits based on their preferred stage of ripeness and consumption timeline. With stores now operational across Bengaluru, Mysuru, Chennai, and Pune, Origin Fresh plans to continue investing in retail expansion in the coming months as well. 

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MUMBAI:  Kalpataru Limited (the “Company”), one of the prominent real estate developers in the Mumbai Metropolitan Region of Maharashtra (MMR) and present across all its micro-markets in MMR, will open its initial public offering on Tuesday, June 24, 2025.

The Anchor Investor Bidding Date is one Working Day before the Bid/Issue Opening Date, that is, Monday, June 23, 2025. The Bid/ Issue Closing Date will be on Thursday, June 26, 2025.

The Price Band of the Issue has been fixed from ₹ 387 per Equity Share to ₹ 414 per Equity Share. Bids can be made for a minimum of 36 Equity Shares and multiples of 36 Equity Shares thereafter.  

The Issue consists of a fresh issue of up to such number of Equity Shares aggregating up to ₹ 15,900 million (the “Fresh Issue”).

The Company proposes to utilize the net proceeds from the Issue towards repayment/pre-payment, in full or part, of certain borrowings availed by the Company and the subsidiaries; and general corporate purposes.

The Issue is being made through the Book Building Process, in terms of Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957, as amended (“SCRR”) read with Regulation 31 of the SEBI ICDR Regulations and in compliance with Regulation 6(2) of the SEBI ICDR Regulations wherein not less than 75% of the Net Issue shall be available for allocation on a proportionate basis to Qualified Institutional Buyers (“QIBs”, and such portion, the “QIB Portion”), provided that our Company in consultation with the BRLMs may allocate up to 60% of the QIB Portion to Anchor Investors on a discretionary basis (“Anchor Investor Portion”). One-third of the Anchor Investor Portion shall be reserved for the domestic Mutual Funds, subject to valid Bids being received from the domestic Mutual Funds at or above the Anchor Investor Allocation Price by the SEBI ICDR Regulations. In the event of under-subscription or non-allocation in the Anchor Investor Portion, the balance Equity Shares shall be added to the QIB Portion (other than the Anchor Investor Portion) (the “Net QIB Portion”). Further, 5% of the Net QIB Portion shall be available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the Net QIB Portion shall be available for allocation on a proportionate basis to all QIB Bidders, including Mutual Funds, subject to valid Bids being received at or above the Issue Price. Further, not more than 15% of the Net Issue shall be available for allocation to Non-Institutional Investors, out of which (a) one third of such portion shall be reserved for applicants with application size of more than ₹ 0.20 million and up to ₹ 1.00 million and (b) two-third of such portion shall be reserved for applicants with application size of more than ₹ 1.00 million, provided that the unsubscribed portion in either of such sub-categories may be allocated to applicants in the other sub-category of Non-Institutional Investors and not more than 10% of the Net Issue shall be available for allocation to RIIs by the SEBI ICDR Regulations, subject to valid Bids being received from them at or above the Issue Price. Further, up to [•] Equity Shares aggregating to ₹159.00 million will be available for allocation to Eligible Employees, subject to valid Bids being received at or above the Issue Price. All Bidders, other than Anchor Investors, are required to participate in the Issue by mandatorily utilising the Application Supported by Blocked Amount (“ASBA”) process by providing details of their respective ASBA Account (as defined hereinafter) and UPI ID in case of UPI Investors, if applicable, in which the corresponding Bid Amounts will be blocked by the SCSBs or under the UPI Mechanism, as the case may be, to the extent of respective Bid Amounts.

The Equity Shares offered through the Red Herring Prospectus are proposed to be listed on both BSE Limited (“BSE“)and the National Stock Exchange of India Limited (“NSE”, together with BSE, the “Stock Exchanges”).  

ICICI Securities Limited, JM Financial Limited, and Nomura Financial Advisory and Securities (India) Private Limited are the Book Running Lead Managers (BRLMs) to the Issue.

All capitalised terms referred to in this press release that have not been defined shall have the same meaning as prescribed in the red herring prospectus of the Company dated June 18, 2025 (“RHP”).

Disclaimer: Kalpataru Limited is proposing, subject to receipt of requisite approvals, market conditions, and other considerations, an initial public offering of its equity shares and has filed a red herring prospectus dated 18th June, 2025. (“RHP”) with the Registrar of Companies, Mumbai at Maharashtra, and the Securities and Exchange Board of India (“SEBI”). The RHP is available on the website of the Company at www.kalpataru.com, the website of SEBI at www.sebi.gov.in, and the website of the Book Running Lead Managers, ICICI Securities Limited at www.icicisecurities.com, JM Financial Limited at www.jmfl.com and Nomura Financial Advisory and Securities (India) Private Limited at www.nomuraholdings.com/company/group/asia/india/index.html and the websites of BSE Limited and National Stock Exchange of India Limited at www.bseindia.com and www.nseindia.com, respectively. Any potential investor should note that investment in Equity Shares involves a high degree of risk. For details, potential investors should refer to the Red Herring Prospectus, including the section titled “Risk Factors” on page 32 of the RHP. The Equity Shares proposed to be offered in the Offer have not been and will not be registered under the U.S. Securities Act of 1933, as amended (“U.S. Securities Act”), or any state securities laws of the United States and, unless so registered, may not be offered or sold within the United States, except under an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable state securities laws. Accordingly, the Equity Shares will be offered and sold outside the United States in “offshore transactions” as defined in and in compliance with Regulation S under the U.S. Securities Act and the applicable laws of the jurisdiction where those offers and sales are made. There will be no public offering of the Equity Shares in the United States.

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