Education: B.tech Non CS from NIT(one of the Top 10 NITs)
Current TC : 19.5 fixed + 2 Bonus
Years of Experience: 1.1 YOE
Date of the Offer: 2022
Title/Level: SDE - 1
Location: Bangalore
Base Salary: INR 24L
Signing Bonus: INR 1L
Stock bonus: 3.5L (4 years vesting 25% each year)
Relocation Bonus: 0
Perf bonus: 2L
Total comp (first year): ~INR 27.75 LPA (considering 10% perf bonus)
Benefits: Standard perks

Is this a low balled offer? Should i consider renogitiating?