Cant Open YouTrack over Local Network

I have installed JetBrains Bug & Issue Tracker YouTrack 6.0 Build 12634 [04-Mar-2015 18:21].
I am able to open it on the Windows 7 machine on which it is installed but I cant open it over another Windows 8 laptop on LAN. The link its setup to http://hardik-ws:8080/ works fine only on the machine on which its installed. I even tried <ip-address>:8080

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