Lets say we have a file with list of IPs that are space separated and you want to read each of the values to pass to a loop to perform an operation. Here is an example file with IP Addresses separated  by a space:

cat ips.txt
192.168.1.1 192.168.1.10

Now, lets say you want to loop through these IPs and run a ping command against each of them.

cat ping.sh
#!/bin/bash

# IFS is an internal bash variable. Here, we set its value as space.
IFS=$" "
# Read the file "ips.txt" and store the list of values to a variable "ips"
ips="$(cat ips.txt)"

# Run the following loop which will loop through each of the ips and run a ping test
for ip in $ips; do ping -c 1 $ip; done
# Unset the IFS variable so that it wont mess with the reset of the script
unset IFS

-Running this loop, will loop through the list of IP addresses and perform a ping.

./ping.sh
PING 192.168.1.1 (192.168.1.1) 56(84) bytes of data.
64 bytes from 192.168.1.1: icmp_seq=1 ttl=64 time=0.660 ms

--- 192.168.1.1 ping statistics ---
1 packets transmitted, 1 received, 0% packet loss, time 0ms
rtt min/avg/max/mdev = 0.660/0.660/0.660/0.000 ms
PING 192.168.1.10 (192.168.1.10) 56(84) bytes of data.
64 bytes from 192.168.1.10: icmp_seq=1 ttl=64 time=0.108 ms

--- 192.168.1.10 ping statistics ---
1 packets transmitted, 1 received, 0% packet loss, time 0ms
rtt min/avg/max/mdev = 0.108/0.108/0.108/0.000 ms

Hope this helps!

Happy scripting folks! 🙂

Source/References: Link