• Education: Master's in Computer Science from IIT
• Years of Experience: ~3+ years
• Prior Experience: SDE2 at Semiconductor Company (2019-2021), Intern at another Semiconductor (2018-2019) [NVidia, Intel, Qualcomm, AMD]
• Date of the Offer: 9/9/2021
• Company: ORACLE
• Title/Level: MTS
• Location: Bangalore, India
• Base Salary: 21.5LPA
• Relocation: N/A
• Signing Bonus: N/A
• Stock bonus: 13L (equally divided in 4yrs)
• Total comp (Salary + Bonus + Stock): 24.75 LPA for the first year
• Benefits: Standard Benefits/ Health Insurance.
• Other details: Non-negotiable (apparently)

Previous:
Base 15lpa
CTC 17.75lpa

Please let me know if you think this is a lowballed offer.
HR has told me that they cannot offer more than this because they need to maintain parity with the existing employees of the same experience.
Does anyone from his experience know that presenting another offer will help or not?

Thanks.