YOE: 2.5
Education: B.Tech from Tier-2 college
Current comp: 29LPA (22.5 Base + 2.5 Fixed Bonuses +4 RSUs)
Prior Experience : product based startup

Date of the Offer: Jan 2024
Company: Zeta (Directi)
Level: Software Engineer-II
Location: Bangalore
Base Salary: INR 31 LPA
Joining Bonus: INR 1 Lakhs
ESOPS: 15.5L (10%, 20%, 30%, 40%)
Other Benefits: Standard Zeta benefits.
TC 1st year(Base + ESOPS + Joining Bonus): 31,00,000 + 1,55,000 + 1,00,000 = 33,55,000 INR

My hike cycle at current org is scheduled in Jan/Feb . Highly possible the numbers would be matched or come close.
I am confused what to do .

EDIT : Rejected . Major reason was no hike and budgeting issues at Zeta.