The IPO funds raised include Rs 46 crore from anchor investors.
The IPO received bids for 71,23,125 shares against an offer of 94,42,575 scrips, reflecting a subscription of 0.75 times, data available with the National Stock Exchange showed.
"The Ortel IPO has been successfully closed today. Ortel has successfully raised its entire primary capital requirement as stated in the IPO Red Herring Prospectus, along with providing partial exit to New Silk Route (NSR)," Kotak Mahindra Capital Company, the book running lead manager to the issue, said in a statement.
Ortel entered the capital market with a public issue of up to 1.2 crore equity shares of face value of Rs 10 each.
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The public issue includes anchor portion of 2,557,425 equity shares.
The IPO is priced between Rs 181 and Rs 200/share. The IPO opened on March 3 and closed today.
This is the company's second attempt to hit the capital market. Ortel's earlier plan in 2013 to garner Rs 100 crore through the stock market did not take off.
Through primary point cable business model, it offers digital and analog cable TV, broadband and VAS services in Odisha, Chhattisgarh, West Bengal and Andhra Pradesh.