The company issued a total of 200 million shares, equivalent to 20 percent of its enlarged capital, hence raising IDR 40 billion (approx. USD $2.9 million). About 70 percent of the proceeds is to be used for capital expenditure for further business expansion (particularly for expanding the number of retail outlets as well as the construction of a new manufacturing factory), while the remaining 30 percent is to be used for debt repayments to private banks. Underwriter for the IPO is Minna Padi Investama.

After the IPO, Media Komunikasi Nusantara Korporindo still controls a 80 percent stake.

Mitra Komunikasi Nusantara is Indonesia's sole agent for the import and wholesale of Cyrus branded mobile devices. The company also has partnerships with local telecom operators (Telkomsel Indonesia, Indosat, XL Axiata, Telkom Indonesia, and Hutchison 3 Indonesia) for the distribution of vouchers.

Last Update: 29 Mar 2021
IPOs on the Indonesia Stock Exchange up to 26 October 2015
CompanyP: 29 Mar 2021P: 28 Mar 2021Gain/LossP/E ttmYield %Gain/Loss YTD
Bank Yudha BhaktiBBYB4984940.81%N/A0.00%40.68%
Mitra Keluarga KaryasehatMIKA2,7202,750-1.09%N/A0.00%4.62%
Mitra Energi PersadaKOPI5655650.00%N/A0.00%13.00%
PP Properti Tbk.PPRO7577-2.60%N/A0.00%-19.35%
Puradelta LestariDMAS232238-2.52%N/A0.00%0.87%
Mega Manunggal PropertyMMLP358376-4.79%N/A0.00%24.31%
Merdeka Copper GoldMDKA2,3002,330-1.29%N/A0.00%-2.13%
Bukaka Teknik Utama Tbk.BUKK8808701.15%N/A0.00%-11.11%
Garuda Metalindo Tbk.BOLT7157100.70%N/A0.00%-10.63%
Anabatic Technologies Tbk.ATIC7056656.02%N/A0.00%-17.06%
Binakarya Jaya Abadi Tbk.BIKA163175-6.86%N/A0.00%-17.26%
Bank Harda Internasional Tbk.BBHI1,2851,380-6.88%N/A0.00%33.16%
Victoria Insurance Tbk.VINS111112-0.89%N/A0.00%23.33%
Mitra Komunikasi Nusantara Tbk.MKNT50500.00%N/A0.00%0.00%
Combined Total10,65710,792-1.25%2.90%

Green colour indicates upward movement Red colour indicates downward movement P = price; E = earnings; D = dividend; Yield = D/P "N/A" indicates P/E < 0 (negative earnings) "-" indicates E,D,P or YTD is not available