diff --git a/README.md b/README.md
index d9b1049cdd9..c4fe1d32aa0 100644
--- a/README.md
+++ b/README.md
@@ -5,7 +5,7 @@ Intel® Neural Compressor
 <h3> An open-source Python library supporting popular model compression techniques on all mainstream deep learning frameworks (TensorFlow, PyTorch, ONNX Runtime, and MXNet)</h3>
 
 [![python](https://img.shields.io/badge/python-3.7%2B-blue)](https://github.com/intel/neural-compressor)
-[![version](https://img.shields.io/badge/release-2.3.1-green)](https://github.com/intel/neural-compressor/releases)
+[![version](https://img.shields.io/badge/release-2.3.2-green)](https://github.com/intel/neural-compressor/releases)
 [![license](https://img.shields.io/badge/license-Apache%202-blue)](https://github.com/intel/neural-compressor/blob/master/LICENSE)
 [![coverage](https://img.shields.io/badge/coverage-85%25-green)](https://github.com/intel/neural-compressor)
 [![Downloads](https://static.pepy.tech/personalized-badge/neural-compressor?period=total&units=international_system&left_color=grey&right_color=green&left_text=downloads)](https://pepy.tech/project/neural-compressor)
diff --git a/conda_meta/basic/meta.yaml b/conda_meta/basic/meta.yaml
index f727d1d5470..37dc6455cb6 100644
--- a/conda_meta/basic/meta.yaml
+++ b/conda_meta/basic/meta.yaml
@@ -1,4 +1,4 @@
-{% set version = "2.3.1" %}
+{% set version = "2.3.2" %}
 {% set buildnumber = 0 %}
 package:
   name: neural-compressor
diff --git a/conda_meta/neural_insights/meta.yaml b/conda_meta/neural_insights/meta.yaml
index ac77d11eb42..4d34e40da7e 100644
--- a/conda_meta/neural_insights/meta.yaml
+++ b/conda_meta/neural_insights/meta.yaml
@@ -1,4 +1,4 @@
-{% set version = "2.3.1" %}
+{% set version = "2.3.2" %}
 {% set buildnumber = 0 %}
 package:
   name: neural-insights
diff --git a/conda_meta/neural_solution/meta.yaml b/conda_meta/neural_solution/meta.yaml
index 43b76776aa3..63d458f191b 100644
--- a/conda_meta/neural_solution/meta.yaml
+++ b/conda_meta/neural_solution/meta.yaml
@@ -1,4 +1,4 @@
-{% set version = "2.3.1" %}
+{% set version = "2.3.2" %}
 {% set buildnumber = 0 %}
 package:
   name: neural-solution
diff --git a/neural_compressor/version.py b/neural_compressor/version.py
index f6479cf0be4..832aa47ac21 100644
--- a/neural_compressor/version.py
+++ b/neural_compressor/version.py
@@ -15,4 +15,4 @@
 # See the License for the specific language governing permissions and
 # limitations under the License.
 """Intel® Neural Compressor: An open-source Python library supporting popular model compression techniques."""
-__version__ = "2.3.1"
+__version__ = "2.3.2"