3月新股上市及基金收益月度跟踪-2025-04-08

Group 1 - The total IPO financing scale in the A-share market for March 2025 was 54.08 billion yuan, a decrease of 16% month-on-month. The main board raised 16.47 billion yuan, the ChiNext raised 22.25 billion yuan, and the Sci-Tech Innovation Board raised 3.66 billion yuan [2][5][6] - A total of 10 new stocks were issued in March, representing an 11% increase month-on-month, with 3 from the main board, 5 from the ChiNext, and 1 from the Sci-Tech Innovation Board [2][6] - As of the end of March, there were 46 IPO projects approved but not yet issued across all A-share boards, with a total proposed fundraising scale of 776.9 billion yuan [11] Group 2 - The average winning rate for A/B class accounts on the main board in March was 0.0082% and 0.0070%, down 33% and 31% respectively month-on-month. For the ChiNext, the rates were 0.0117% and 0.0100%, down 49% and 52% respectively [17][22] - The average winning rate for A/B class accounts on the Sci-Tech Innovation Board in March was 0.0412% and 0.0407% [23] - The contribution of new stocks to funds with a scale of 1-2 billion yuan was +0.206%, while for those with a scale of 2-3 billion yuan, it was +0.138%. The annualized return for funds in the 8-9 billion yuan range was 0.447% [29][30] Group 3 - In March 2025, a total of 2,963 funds participated in new stock subscriptions, with a total scale of 5.9 trillion yuan. The most numerous were equity mixed funds, totaling 1,165, followed by passive index funds with 664 [31][32] - The distribution of offline subscription limits for new stocks in the past three months was primarily in the [1,2) billion yuan range across various boards [12][14]