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Instance startup fails with ORA-27125: unable to create shared memory segment

I took a snapshot from production DB and mounting the snapshot on mount host using third party tool. Mount works well but when we are about to start up the instance to create the control file, it fails with below error.

ORA-32004: obsolete or deprecated parameter(s) specified for RDBMS instance

ORA-27125: unable to create shared memory segment

Linux-x86_64 Error: 1: Operation not permitted

Additional information: 4648

Additional information: 37748736

Please let me know the possible causes for this issue and the resolution.

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