cat infile | while read line ; do
     # split each input line to fields and catch these in variables
     field1="$(print - "$line" | cut -d'|' -f1)"
     field2="$(print - "$line" | cut -d'|' -f2)"
     field3="$(print - "$line" | cut -d'|' -f3)"
     .....
     
     # after you are done with the line print it out again
     # i assume here that the first column should be 20 chars wide, the next
     # two 15, and so on. see the second example below.
     printf '%20s %15s %15s [...]\n' "$field1" "field2" "$field3" [...] >> outfile
done

maxlength1=0
maxlength2=0
....
cat infile | while read line ; do
     # in the first run we split and get the max width for each column
     field1="$(print - "$line" | cut -d'|' -f1)"
     length1=$(print - "$field1" | wc -c)
     if [ $length1 -gt $maxlength1 ] ; then
          maxlength1=$length1
     fi
     field2="$(print - "$line" | cut -d'|' -f2)"
     length2=$(print - "$field2" | wc -c)
     if [ $length2 -gt $maxlength2 ] ; then
          maxlength2=$length1
     fi
     .....
done

# put together the output template for printf
template='%'"$maxlength1"'s   %"'$maxlength2"'s [.....]\n'
   
cat infile | while read line ; do
     # in the second run we split again and print using the found widths
     field1="$(print - "$line" | cut -d'|' -f1)"
     field2="$(print - "$line" | cut -d'|' -f2)"
     ....
     printf "$template" "$field1" "field2" "$field3" [...] >> outfile
done