diff --git a/frappe/__version__.py b/frappe/__version__.py
index 1a8656e39f..9067ebe65d 100644
--- a/frappe/__version__.py
+++ b/frappe/__version__.py
@@ -1,2 +1,2 @@
 from __future__ import unicode_literals
-__version__ = "5.3.0"
+__version__ = "5.3.1"
diff --git a/frappe/hooks.py b/frappe/hooks.py
index b5688b85a2..f42023cdc9 100644
--- a/frappe/hooks.py
+++ b/frappe/hooks.py
@@ -26,7 +26,7 @@ to ERPNext.
 """
 
 app_icon = "octicon octicon-circuit-board"
-app_version = "5.3.0"
+app_version = "5.3.1"
 app_color = "orange"
 github_link = "https://github.com/frappe/frappe"
 
diff --git a/setup.py b/setup.py
index 9cb8527760..0331cb863e 100644
--- a/setup.py
+++ b/setup.py
@@ -1,6 +1,6 @@
 from setuptools import setup, find_packages
 
-version = "5.3.0"
+version = "5.3.1"
 
 with open("requirements.txt", "r") as f:
 	install_requires = f.readlines()