[rgupta]

First you require a 'HA' license for your Secondary Management but in your case if you just want to build another Managemnt Server identical to your existing, the best way is to use 'upgrade_export'/'ugrade_import' related solutions. The backup Management Name and IP should be kept the same but of course the Secondary Management has to be off-network. Or if the IP and specifially name has to change, you may run into 'SIC' issues which are resolvable but have to be considered.
hth.