You need to manually set the number of file descriptors in the shell that starts the lmgrd daemon to something less than 4096. Our suggestion is to use 1024 since that was the default on Solaris 7 systems. To do so:

For csh (and its variants):
% limit descriptors 1024

For sh (and its variants)
% ulimit -H -n 1024

Restart the lmgrd and do a:
% ps -ef

You should see the ICSBX daemon running.