I have done it with the help of following articles.
Testing Multisites with vagrant or Can I use multisite with only an IP address (without domain name)
Actually, the issue was resolved by enabled .htaccess in httpd.conf file and edit the AllowOverride directive.
From:
<Directory ..>
AllowOverride none
</Directory>
To:
<Directory ..>
AllowOverride All
</Directory>