diff --git a/.gitlab/ci/common.yml b/.gitlab/ci/common.yml
index 6ba8f3f33a..2109985f36 100644
--- a/.gitlab/ci/common.yml
+++ b/.gitlab/ci/common.yml
@@ -45,10 +45,10 @@ variables:
   PYTHON_VER: 3.8.17
 
   # Docker images
-  ESP_ENV_IMAGE: "$CI_DOCKER_REGISTRY/esp-env-v5.2:2"
-  ESP_IDF_DOC_ENV_IMAGE: "$CI_DOCKER_REGISTRY/esp-idf-doc-env-v5.2:2-1"
-  QEMU_IMAGE: "${CI_DOCKER_REGISTRY}/qemu-v5.2:2-20230522"
-  TARGET_TEST_ENV_IMAGE: "$CI_DOCKER_REGISTRY/target-test-env-v5.2:2"
+  ESP_ENV_IMAGE: "$CI_DOCKER_REGISTRY/esp-env-v5.3:1"
+  ESP_IDF_DOC_ENV_IMAGE: "$CI_DOCKER_REGISTRY/esp-idf-doc-env-v5.3:1-1"
+  QEMU_IMAGE: "${CI_DOCKER_REGISTRY}/qemu-v5.3:1-20230522"
+  TARGET_TEST_ENV_IMAGE: "$CI_DOCKER_REGISTRY/target-test-env-v5.3:1"
 
   SONARQUBE_SCANNER_IMAGE: "${CI_DOCKER_REGISTRY}/sonarqube-scanner:5"
 
diff --git a/components/esp_common/include/esp_idf_version.h b/components/esp_common/include/esp_idf_version.h
index cc68d2d132..4cb488257a 100644
--- a/components/esp_common/include/esp_idf_version.h
+++ b/components/esp_common/include/esp_idf_version.h
@@ -13,7 +13,7 @@ extern "C" {
 /** Major version number (X.x.x) */
 #define ESP_IDF_VERSION_MAJOR   5
 /** Minor version number (x.X.x) */
-#define ESP_IDF_VERSION_MINOR   2
+#define ESP_IDF_VERSION_MINOR   3
 /** Patch version number (x.x.X) */
 #define ESP_IDF_VERSION_PATCH   0
 
diff --git a/tools/cmake/version.cmake b/tools/cmake/version.cmake
index 037b9c088f..4db536bdaa 100644
--- a/tools/cmake/version.cmake
+++ b/tools/cmake/version.cmake
@@ -1,5 +1,5 @@
 set(IDF_VERSION_MAJOR 5)
-set(IDF_VERSION_MINOR 2)
+set(IDF_VERSION_MINOR 3)
 set(IDF_VERSION_PATCH 0)
 
 set(ENV{IDF_VERSION} "${IDF_VERSION_MAJOR}.${IDF_VERSION_MINOR}.${IDF_VERSION_PATCH}")