Suryoday - ‘Sunrise’ in Sanskrit, signifies new dawn. It has received a Micro-Finance license from RBI in 2008, and within 8 years converted into a successful Small Finance Bank. The 80% of the loan book comprises of JLG and Individual business loans followed by 16.9% in Retail Assets such as Commercial Vehicle Loan, Housing Loan, MSME loan, and loan against property. The company has shown exemplary performance in the year FY18-19 wherein, it has clocked Revenue of 599 Cr and PAT of 86 Cr as compared to 324 Cr and 10 Cr last year, respectively, representing a stupendous growth. In the FY18-19, the Bank has raised 248.44 cr through a private placement of 13,802,083 Equity shares at 180 per share. HDFC, HDFC Life, TIAA, IFC (International Finance Corporation), GAJA Capital etc. are the investors in the bank. Yesterday, the bank has come up with 6MFY20 financial results and they are even better than FY18-19. The Advances, in the first 6M of FY20 , has gone up to 3208 cr as compared to 2711 cr in FY18-19. The Revenue, in the first 6M of FY20, has gone up to 600 Cr as compared to 412 cr in the full year of FY18-19. So overall very good growth given by bank. The book value as on 30.09.2019 stands at Rs. 117 per share. The current unlisted market price of the Suryoday Small Finance Bank is Rs. 280 per share, which means the shares are available at P/B multiple of 2.39x which is quite reasonable. The IPO is expected to hit the market by 2020.