Coal India is going to launch its initial public offer by the month of July-August this year. The Government of India has formed a panel to carry forward the proposal. The panel will carry members from the ministry. The Coal India has been investing Rs 12,000-crore for its disinvestment program.

According to sources, the ministerial Group comprises of Coal Secretary, Disinvestment Secretary and eight other officials from different ministries.

The prime responsibility of the panel will be to select the book runners-cum-lead managers (BRLMs) to manage the initial public offer (IPO). As Coal India is the largest producer of coal in India it will be a huge task to finalize the IPO related issues soon.

Apart from that the company holds the authority to decide pricing and timing related issues for the other coal producing companies. The disinvestment plan is expected to be cleared by the union by the end of this month or by first week of May. The Coal Minister, Sriprakash Jaiswal has informed that the initial share sale is expected to commence by July-end or early August. This could fetch about Rs 10,000-12,000 crore from the market.