diff --git a/gradle.properties b/gradle.properties
index e8a065432..2ba835a32 100644
--- a/gradle.properties
+++ b/gradle.properties
@@ -1,6 +1,6 @@
 org.gradle.caching=true
 group=io.ballerina
-version=1.5.2-SNAPSHOT
+version=1.5.3-SNAPSHOT
 
 #dependency
 ballerinaLangVersion=2201.5.3