diff --git a/components/esp_common/include/esp_idf_version.h b/components/esp_common/include/esp_idf_version.h
index 60293e6912..3d60c222a5 100644
--- a/components/esp_common/include/esp_idf_version.h
+++ b/components/esp_common/include/esp_idf_version.h
@@ -23,7 +23,7 @@ extern "C" {
 /** Minor version number (x.X.x) */
 #define ESP_IDF_VERSION_MINOR   3
 /** Patch version number (x.x.X) */
-#define ESP_IDF_VERSION_PATCH   6
+#define ESP_IDF_VERSION_PATCH   7
 
 /**
  * Macro to convert IDF version number into an integer
diff --git a/make/version.mk b/make/version.mk
index 95cd588568..ed35cf25f5 100644
--- a/make/version.mk
+++ b/make/version.mk
@@ -1,3 +1,3 @@
 IDF_VERSION_MAJOR := 4
 IDF_VERSION_MINOR := 3
-IDF_VERSION_PATCH := 6
+IDF_VERSION_PATCH := 7
diff --git a/tools/cmake/version.cmake b/tools/cmake/version.cmake
index 8a348ef20b..983ad2f05f 100644
--- a/tools/cmake/version.cmake
+++ b/tools/cmake/version.cmake
@@ -1,3 +1,3 @@
 set(IDF_VERSION_MAJOR 4)
 set(IDF_VERSION_MINOR 3)
-set(IDF_VERSION_PATCH 6)
+set(IDF_VERSION_PATCH 7)