diff --git a/charts/splunk-connect-for-snmp/Chart.yaml b/charts/splunk-connect-for-snmp/Chart.yaml
index d94f0c719..684339989 100644
--- a/charts/splunk-connect-for-snmp/Chart.yaml
+++ b/charts/splunk-connect-for-snmp/Chart.yaml
@@ -14,12 +14,12 @@ type: application
 # to the chart and its templates, including the app version.
 # Versions are expected to follow Semantic Versioning (https://semver.org/)
 
-version: 1.12.1-beta.2
+version: 1.12.1-beta.3
 # This is the version number of the application being deployed. This version number should be
 # incremented each time you make changes to the application. Versions are not expected to
 # follow Semantic Versioning. They should reflect the version the application is using.
 # It is recommended to use it with quotes.
-appVersion: "1.12.1-beta.2"
+appVersion: "1.12.1-beta.3"
 #
 dependencies:
   - name: mongodb
diff --git a/docker_compose/.env b/docker_compose/.env
index 4ac820460..e8b2261c3 100644
--- a/docker_compose/.env
+++ b/docker_compose/.env
@@ -1,13 +1,13 @@
 # Deployment configuration
 SC4SNMP_IMAGE=ghcr.io/splunk/splunk-connect-for-snmp/container
-SC4SNMP_TAG="1.12.1-beta.2"
+SC4SNMP_TAG="1.12.1-beta.3"
 SCHEDULER_CONFIG_FILE_ABSOLUTE_PATH=
 TRAPS_CONFIG_FILE_ABSOLUTE_PATH=
 INVENTORY_FILE_ABSOLUTE_PATH=
 COREFILE_ABS_PATH=
 COREDNS_ADDRESS=172.28.0.255
 COREDNS_ADDRESS_IPv6=fd02:0:0:0:7fff:ffff:ffff:ffff
-SC4SNMP_VERSION="1.12.1-beta.2"
+SC4SNMP_VERSION="1.12.1-beta.3"
 IPv6_ENABLED=false
 
 # Dependencies images
diff --git a/pyproject.toml b/pyproject.toml
index 08dbca53f..77865a8be 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -1,6 +1,6 @@
 [tool.poetry]
 name = "splunk-connect-for-snmp"
-version = "1.12.1-beta.2"
+version = "1.12.1-beta.3"
 description = ""
 authors = ["omrozowicz-splunk <omrozowicz@splunk.com>"]
 license = "Apache-2.0"
diff --git a/splunk_connect_for_snmp/__init__.py b/splunk_connect_for_snmp/__init__.py
index e803d46da..cb432b42c 100644
--- a/splunk_connect_for_snmp/__init__.py
+++ b/splunk_connect_for_snmp/__init__.py
@@ -15,4 +15,4 @@
 #
 
 
-__version__ = "1.12.1-beta.2"
+__version__ = "1.12.1-beta.3"