diff --git a/gradle.properties b/gradle.properties
index b0507f1..6c02c50 100644
--- a/gradle.properties
+++ b/gradle.properties
@@ -1,6 +1,6 @@
 org.gradle.caching=true
 group=org.ballerinalang
-version=0.5.3-SNAPSHOT
+version=0.5.3
 ballerinaLangVersion=2.0.0-Preview7
 stdlibConfigVersion=1.0.3
 stdlibStringUtilsVersion=0.5.3