diff --git a/gradle.properties b/gradle.properties
index 6fb6ba2f..f3a23573 100644
--- a/gradle.properties
+++ b/gradle.properties
@@ -1,5 +1,5 @@
 group=io.ballerina.stdlib
-version=1.12.3-SNAPSHOT
+version=1.12.3
 
 puppycrawlCheckstyleVersion=10.12.1
 hikkariLibVersion=3.3.1