Unable to start WebStrom on Mac

I just installed WebStorm 7.0.3 on my mac and trying to start it but fails. So I tried opening on command line and getting following error:

> open /Applications/WebStorm.app/
LSOpenURLsWithRole() failed with error -10810 for the file /Applications/WebStorm.app.

Googling about it, I found the execute bit needs to be set for executabls under /Applications/WebStorm.app/Contents/MacOS/ directory. I verified it's already has execute permission.

What else could be wrong?

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