YOE : 6.5
Role: SSE
Current comp:
Base Pay: 33 LPA
RSU - 3.78 PA

ObserveAI offer
Role: SDE3
Comp:
Base Pay- 60 LPA
Esops - 10 LPA (40 Lakhs overall)
Joining Bonus- 3 Lakhs
Total Comp PA: 70 LPA + 3 Joining bonus
Office Mode: Hybrid (3 days wfo 2 days wfh)
Office hours: Flexible

Zepto offer
Role: SDE3
Comp:
Base Pay- 60 LPA
Esops - 15 LPA (60 lakhs overall)
Retention Bonus- 3 Lakhs
Total Comp PA: 75 LPA + 3 retention bonus
Office Mode: 5 days office
Office hours: 11-8 (Strict 9 hours)

Which offer I should accept? Zepto might go for an IPO in next 1-2 years, also I will be eligible for appraisals in upcoming cycle in April.
Whereas ObserveAI is not offering appraisal and there no scope for IPO as such.