Naukri.com owner Info Edge (India) Ltd will open its initial public offering on October 30. The company plans to raise up to Rs 1.7 billion ($37 million), at a price band of Rs 290-320 ($6.4-$7.1), which would value the company at $188 million at the top end of the price band. Info Edge plans to sell 5.32 million shares, or nearly a fifth of its post-issue equity base. The issue would remain open between Oct. 30 and November 2. Info Edge runs sites like Naukri.com, 99acres.com and Jeevansathi.com. In May 2006, Kleiner Perkins Caufield & Byers and Sherpalo Ventures had picked up close to 5 per cent stake in Info Edge for $6 million. ICICI Venture also owns a stake in Info Edge. It had invested Rs 7.29 crore in 2000.  , which has also backed Google Inc, and another venture capital firm, Sherpalo for a total of $6 million. Info Edge had a revenue of Rs 840.59 million and a net profit of Rs 132.9 million in the year ending March 2006. [Via Indiatimes and Cool Avenues]