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I have not seen any default 5 limit for the IE9 download manager but you can try the following steps carefully as doing it wrong will cause problems in your system functioning:

1. Start Registry Editor.
2. Locate the following key in the registry:
HKEY_LOCAL_MACHINE\SOFTWARE\Microsoft\Internet Explorer\MAIN\FeatureControl\FEATURE_MAXCONNECTIONSPERSERVER
3. On the Edit menu, point to New, click DWORD Value, and then add the following registry values:
Value name: iexplore.exe
Value data: 10
Base: Decimal

Note set this value to the connection limit that you want for HTTP 1.1 connections. By setting the value to 10, you increase the connection limit to 10.
4. Locate and then click the following registry subkey:
HKEY_LOCAL_MACHINE\SOFTWARE\Microsoft\Internet Explorer\MAIN\FeatureControl\FEATURE_MAXCONNECTIONSPER1_0SERVER
5. On the Edit menu, point to New, click DWORD Value, and then add the following registry values:
Value name: iexplore.exe
Value data: 10
Base: Decimal

Note set this value to the connection limit that you want for HTTP 1.1 connections. By setting the value to 10, you increase the connection limit to 10.
6. Exit Registry Editor.

Here’s to Good Karma