Education: B.Tech from tier 3 college
Years of Experience: 7
Prior Experience: MNC
Company: Grab
Title/Level: Senior QA
Location: India
Salary: Rs. 3000000
Relocation/Signing Bonus: Rs. 4,00,000
Stock bonus: Rs. 8,00,000 over 4 years
Bonus: 15% of fixed
Total comp (Salary + Bonus + Stock) ~ Rs. 4000000 for first year, second year 37 lakhs
Benefits: Many benefits
Other details: Offer non-negotiable
Current TC: 18 lakhs
Offer in Hand: 26 lakhs in Pune

Leetcode community, please let me know if this is a low ball offer from Grab. Also considering the fact that I will have to move to banglore.