$re = '/^[\w.]+=\$(?:\d|1[012])(?:\|[\w.]+=\$(?:\d|1[012]))*$/m';
$str = 'Valid Values:
ABC=$2|CDE=$1|Msg=$4|Ph.No=$3|TIME=$5
ABC=$2|CDE=$1|Msg123=$4|Ph.No=$3|TIME_23=$5
abc=$2|123=$1|cfg=$4|Ph.No=$3
ABC=$12|CDE=$1|Msg=$12|Ph.No=$11|TIME=$5
ABC=$12|CDE=$6|Msg123=$9|Ph.No=$3|TIME_23=$10
Invalid Values:
ABC=$2CDE=$1Msg=$4
ABC=2|CDE=1|Msg123=$4|Ph.No=$3|TIME_23=$5
abc$2|123$1|cfg$4|Ph.No=$3
Msg123=$ |Ph.No=$ |TIME_23=5
abcdefgh|1234|eghjik
Msg123=$*|Ph.No=$()|TIME_23=$5
Msg123=$a|Ph.No=$b|TIME_23=$p';
preg_match_all($re, $str, $matches, PREG_SET_ORDER, 0);
// Print the entire match result
var_dump($matches);
Please keep in mind that these code samples are automatically generated and are not guaranteed to work. If you find any syntax errors, feel free to submit a bug report. For a full regex reference for PHP, please visit: http://php.net/manual/en/ref.pcre.php