CMGP Group joins the Casablanca Stock Exchange.
An IPO that blends growth, innovation, and sustainability, paving way for modern agriculture.
With a record subscription rate exceeding 37x the offered shares and participation from over 33,000 investors, this 1.1 billion MAD operation stands out as a landmark event for modern agriculture and the financial market.
CMGP, founded in 1993, has grown into a leader in agriculture and water infrastructure, offering innovative solutions in irrigation, agri-supply, and solar energy. Investors, from individual participants to institutional giants, have shown immense confidence in CMGP’s strategy to dominate the agricultural value chain and expand sustainably.
Diverse Participation: A mix of individual investors and major institutions rallied behind this IPO, reflecting broad market confidence.
Massive Growth Potential: CMGP plans to use the funds to scale its operations, strengthen infrastructure, and expand into Sub-Saharan Africa—a region with growing demand for modern farming solutions.
Sustainability at the Core: Focused on sustainable agriculture and efficient water management, CMGP is tackling global challenges head-on.
This IPO highlights the growing maturity of Morocco’s financial market, encouraging ambitious and innovative projects.