What is the best deal for a 'Pay Raise'?

I have worked in the same company for 7 years
I didn't get a pay rise last year
I am due one this year, this month, Feb
I get 60000/- INR per month

I would like to ask for the following –
80000/- per month + 300 penny shares
How many of you think this is realistic
I am in the middle management layer
I have 5 Team Leads beneath me with 21 operational staff
I manage a British client for the company and travel to see the client at meetings once in a while