Education: Btech (Non CSE) Top 2 private college.
Years of Experience: 4
Prior Experience: Well Known startup(Unicorn)

Current CTC : 12 LPA ( All fixed )
Date of the Offer: 1 may 2024
Company: Target
Title/Level: Senior Engineer
Location: Bengaluru
Salary: 23 LPA fixed
Relocation: Relocation(flights + accomodation)
Sign On : NA
Stock bonus: NA
Variable : 10 %
Total comp (Salary + Bonus + Stock): 25.3LPA
Benefits: Free food, Cab, standard target benefits.

Am I getting Lowballed here? I dont have any Counter offers yet.
Appreciate your Insights.

Update: Negotiated Once, Base Increased to 25 LPA.
Revised CTC: 27.5 LPA