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Mon, 09 Nov 2009 | 02:01 GMT
 
 
  M2M Group 
Last Price   MAD  545.00   + 2.83%   05Nov09
 
IPO Facts
  • Type of Offering
  • IPO
  • Status
  • Listed
  • Exchange
  • Casablanca SE
  • Sector
  • Information Technology
  • Country of Incorporation
  • Morocco
  • Shares Offered
  • 129,555
  • Offer Size
  • MAD 141.86M
  • Percentage Offered
  • 20%
  • Issue Price
  • MAD 1,095.00
  • Total Equity Value
  • MAD 709.32M
  • Minimum Subscription
  • Type III: 274 shares
  • Maximum Subscription
  • Type I: 500 shares
    Type II: 274 shares
    Type III: 6,500 shares
    Type IV: 12,955 shares
  • Eligibility Requirements
    Open to all subscribers residing both inside or outside of Morocco:

    Type I: Employees of M2M Group: 6,990 shares representing 1.08% of the capital
    Type II: Foreigners and Moroccan Applicants: 38,867 shares representing 6% of the capital
    Type III: Foreigners and Moroccan Applicants giving orders between 274 shares and 6,500 shares: 38,867 shares representing 6% of the capital
    Type IV: Foreign and Moroccan institutions giving orders to less than 12,955 shares: 44,831 shares representing 6.92% of the capital
 
  • Additional Information
    Share price: MAD 1,095; MAD 100 Par Value + MAD 995 Premium
 
 
Key Dates
  • Open Date
  • 20Jun07
  • Closing Date
  • 22Jun07
  • Allocation Date
  • 02Jul07
  • Listing Date
  • 04Jul07
 
Advisors
  • Legal Advisor
  • Mohammed MAWHOUB
  • Auditors
  • PKF Maroc
  • Receiving Banks
    Lead Receiving Bank: Attijariwafa Bank Bourse
    Co - lead Receiving Bank: BMCE Bourse
    Other Receiving Banks: Attijariwafa Bank, BMCE Bank, Safabourse, SGMB
 
 
STOCK PERFORMANCE
 
» Charting
Last Price 05Nov09
MAD 545.00
Change
  15.00 ( 2.83%)
Year High / Low
MAD 700.00 - 460.00
Market Cap
MAD 353.04M
 
Performance Overview
  • Over-subscription
  • 92.24 x
  • First Day Open / Close
  • 1,250.00 / 1,222.00
  • First Day High / Low
  • 1,290.00 / 1,221.00
  • 1st Day Change
  • + 11.60%
  • 1st Month Change
  • + 16.44%
  • Change Since Floatation
  • -50.23%
 
 
Use Of Proceeds
  • -Institutionalizing the company by bringing in institutional and public investors
    -Promoting the company?s reputation to the public and finance community
    -Reinforcing the company?s transparency and performance
    -Bringing closer the company to the clients by allowing them to participate in the capital
    -Motivating employees and partners by associating them to the company?s capital
    -Improving the operational and financial performance of the company
    -Facilitating external financing through direct access to financial market
 
 
 
 
 
 
 

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