Hello hari9k

Can you check log file for exact error? Let me know what error showing inn log file?
Please follow  below Yinda's share step for setup?
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I have the following in my hosts file
127.0.0.1  localtest42.myworkstation.com.au

Then I bind this address localtest42.myworkstation.com.au to my web in IIS

I run Visual Studio in Adminsitrator mode (right click on the desktop icon)
In Nop.Web properties (right click to get to properties)
Debug Tab > Web Server Settings  >
Select Launch: IIS
App URL: http://localtest42.myworkstation.com.au/
When I run the debugger it starts the browser with  address  http://localtest42.myworkstation.com.au/