In HP-UX 11.23 the default value for the number of file descriptors is 2048 and is considered very high for the license manager daemon. There are two ways you can workaround this:
Start the license manager daemon as the “root” user, or
Use the ulimit to reset the file descriptors at a lower value such as 1024. For example:
#!/bin/sh ulimit -H -n 1024 Imgrd [...]
The [...] is for the Imgrd arguments.