अन्वयः

रम्ये on the enchanting, तस्मिन् on that, गिरिवरे on the best of mountains, पुरा earlier, सर्वदेवमनस्तोषः made the minds of all deities happy, दिव्य: मनोहर: divine and wonderful, माहेश्वरः Lord Mahesvara, यज्ञः Yajna, बभौ was performed.

M N Dutt

On that sacred mount in days of yore there took place a pleasing Maheswara* sacrifice. *The celestial horse-sacrifice.

Summary

A divine, wonderful, delightful Yagna dedicated to Lord Siva used to be performed on the beautiful (Himalayan) mountain in the past so that the minds of all deities were satisfied.

पदच्छेदः

तस्मिन्	तद् (७.१)
गिरिवरे	गिरि–वर (७.१)
रम्ये	रम्य (७.१)
यज्ञो	यज्ञ (१.१)
माहेश्वरः	माहेश्वर (१.१)
पुरा	पुरा (अव्ययः)
सर्वदेवमनस्तोषो	सर्व–देव–मनस्–तोष (१.१)
बभौ	बभौ (√भा लिट् प्र.पु. एक.)
दिव्यो	दिव्य (१.१)
मनोहरः	मनोहर (१.१)

छन्दः

अनुष्टुप् [८]

छन्दोविश्लेषणम्

१	२	३	४	५	६	७	८
त	स्मि	न्गि	रि	व	रे	र	म्ये
य	ज्ञो	म	हे	श्व	रः	पु	रा
स	र्व	दे	व	म	न	स्तो	षो
ब	भौ	दि	व्यो	म	नो	ह	रः