IT People India, an e-recruitment and consulting company, has filed the red herring prospectus (RHP) for a follow-on public offer (FPO) of Rs 2 each to raise Rs 45.25 crore.The issue will open on August 27, 2007 and close on August 31, 2007.The shares were down over 3% at Rs 39.45 in late morning deals today.