Rhcos Boot error on Bare Metal

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Have setup the iso image on Dell Server using Virtual media option on iDRAC. The boot screen is seen and im able to edit the grub menu with the relevant details as below:

coreos.inst=yes
coreos.inst.install_dev=sda 
coreos.inst.image_url=http://ip/ocp4/rhcos
coreos.inst.ignition_url=http://ip/ocp4/master.ign
ip- 10.196.15.53::10.196.15.51:255.255.255.0:ocp-cp-1.lab.ocp.lan:eno1:none 
nameserver=10.196.15.51

All the servers are reachable as ping and the wget to the url fetches the data. As the helper node is on the same network i believe it should not be a problem.

After entering ctrl+x the boot starts and it fails with the below error.

Can someone please let me know what is going on? Any help will be very much appreciated.

After dependency fail for /sysroot as seen below

Log1

The DHCP discover fails even though i have given a static IP

log2

And finally i get the dracut-initqueue timeout error continiously before reboot.

log3

RA

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