diff --git a/CMakeLists.txt b/CMakeLists.txt
index f4b4b542e..6b01789cc 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -42,7 +42,7 @@ include( ROCMInstallTargets )
 include( ROCMPackageConfigHelpers )
 include( ROCMInstallSymlinks )
 
-rocm_setup_version( VERSION 0.13.0.0 NO_GIT_TAG_VERSION )
+rocm_setup_version( VERSION 0.12.1.0 NO_GIT_TAG_VERSION )
 
 # Append our library helper cmake path and the cmake path for hip (for convenience)
 # Users may override HIP path by specifying their own in CMAKE_MODULE_PATH
diff --git a/bump_develop_version.sh b/bump_develop_version.sh
index c4329a35f..e34e49ef7 100755
--- a/bump_develop_version.sh
+++ b/bump_develop_version.sh
@@ -5,7 +5,7 @@
 # - run this script in master branch 
 # - after running this script merge master into develop 
 
-OLD_HIPBLAS_VERSION="12.0.0"
-NEW_HIPBLAS_VERSION="13.0.0"
+OLD_HIPBLAS_VERSION="12.1.0"
+NEW_HIPBLAS_VERSION="13.1.0"
 
 sed -i "s/${OLD_HIPBLAS_VERSION}/${NEW_HIPBLAS_VERSION}/g" CMakeLists.txt
diff --git a/bump_master_version.sh b/bump_master_version.sh
index 80ea7f1e2..52feaa003 100755
--- a/bump_master_version.sh
+++ b/bump_master_version.sh
@@ -6,7 +6,7 @@
 # - after running this script and merging develop into master, run bump_develop_version.sh in master and
 #   merge master into develop
 
-OLD_HIPBLAS_VERSION="11.4.0"
-NEW_HIPBLAS_VERSION="12.0.0"
+OLD_HIPBLAS_VERSION="13.0.0"
+NEW_HIPBLAS_VERSION="12.1.0"
 
 sed -i "s/${OLD_HIPBLAS_VERSION}/${NEW_HIPBLAS_VERSION}/g" CMakeLists.txt