diff --git a/utils/util_parse_version.sh b/utils/util_parse_version.sh
new file mode 100644
index 0000000..51d73e2
--- /dev/null
+++ b/utils/util_parse_version.sh
@@ -0,0 +1,29 @@
+#!/usr/bin/env bash
+#
+# Copyright (c) 2023 Arm Limited. All rights reserved.
+#
+# SPDX-License-Identifier: BSD-3-Clause
+#
+
+# Parse dependency version from file
+# Input parameters:
+#     RELATIVE_PATH:  Relative path to the dependency version config file in TF-M
+#     PATTERN:        Pattern used to search for the line containing target dependency version
+#     SEPARATOR:      Separator to split the string
+#     COMPONENT_NUM:  Decide which separated component is the dependency version
+function parse_version() {
+    RELATIVE_PATH=$1
+    PATTERN=$2
+    SEPARATOR=$3
+    COMPONENT_NUM=$4
+
+    ABSOLUTE_PATH="${SHARE_FOLDER}/${TFM_NAME}/${RELATIVE_PATH}"
+
+    VERSION="$(grep "${PATTERN}" ${ABSOLUTE_PATH} | cut -d${SEPARATOR} -f${COMPONENT_NUM})"
+
+    if [ -z "${VERSION}" ]; then
+        VERSION="refs/heads/main"
+    fi
+
+    echo "${VERSION}"
+}