Education: B Tech Tier 2
Years of Experience: 2
Prior Experience: Product based company
Previous CTC: 22 LPA ( 18 Fixed + 4 ESOPS)
Company: Zeta
Title/Level: SDE II
Location: Bangalore
Base Salary: 25L
Relocation Bonus: 3L
Performance Bonus: 3L (after 1 yr)
Stock bonus: 12L vested over 4 years (10%, 20%, 30%, 40%)
Total comp (Salary + Bonus + Stock): 25 + 3 + 1.2 = 29.2L

Would love to get advice from you guys if this is lowballed? How should I negotiate ?

P.S. Don't have any competing offers.