RABAT, Oct 18 (Reuters) - Stokvis Nord Afrique SA, a Moroccan company that imports and sells machinery for construction and farming, plans to list next month after a $14 million initial public offering, market regulator CDVM said.

Stokvis Nord Afrique set up business in Morocco in 1950 as a unit of R.S. Stokvis of the Netherlands. It sells machinery for construction, agriculture, industrial refrigeration, air conditioning and cleaning, according to its Web site.

The company plans to sell 183,903 shares for 590 dirhams each, raising 108.5 million dirhams ($13.64 million), CDVM said in a statement. Subscriptions will run from Nov. 12 to Nov. 14.

The shares will be listed on the second tier of the Casablanca stock market and the placement will be managed by leading local brokerages including Safabourse and BMCE Bourse, CDVM said.