RABAT, Nov 19 (Reuters) - Morocco's consumer credit firm Salafin plans to list on the Moroccan stock market next month, bourse regulator CDVM said on Monday, bringing the small market onto track to beat last year's IPO tally.

Salafin, a subsidiary of BMCE <BMCE.CS> which is one of the country's largest privately owned banks, will offer 447,761 shares priced at between 585 dirhams and 670 dirhams each to raise up to 299.9 million dirhams ($38.59 million), CDVM and Salafin said.

IPO subscriptions will open on Nov.28 until December 3.

Salafin would be the 10th company to list on the Casablanca bourse this year.

Ten firms listed in 2006, three times more than the average in recent years, taking advantage of tax incentives, strong demand for new equity from pension funds and a growing number of small local investors. (Reporting by Lamine Ghanmi; editing by Sue Thomas)