ṛṣīṇām - for the sages; pitṛ - departed forefathers; devānām - and demigods; suhṛdām - for the friends; api - also; naḥ - our; prabhoḥ - master; sarveṣām - for all; api - as well; bhūtānām - living beings; īpsitaḥ - desirable; kratu - of major Vedic sacrifices; rāṭ - king; ayam - this.

Indeed, My lord, for the great sages, the forefathers and the demigods, for Our well-wishing friends and, indeed, for all living beings, the performance of this king of Vedic sacrifices is desirable.