Shapoorji Pallonji puts realty IPO plans on hold amid ₹55,000 cr debt: Report. The Shapoorji Pallonji (SP) Group has put its IPO plan for its real estate arm on hold as it explores other fundraising options amid its ₹55,000 crore debt, Moneycontrol reported. This also comes after Tata Trusts Chairman Noel Tata offered the SP Group a buyback of a 3% stake, which would generate gross proceeds of nearly ₹25,000 crore.