diff --git a/parts/common/components.json b/parts/common/components.json
index 209c733d5ef..ca7a29cdf11 100644
--- a/parts/common/components.json
+++ b/parts/common/components.json
@@ -263,7 +263,7 @@
       "multiArchVersionsV2": [
         {
           "renovateTag": "registry=https://mcr.microsoft.com, name=containernetworking/azure-ipam",
-          "latestVersion": "v0.0.7",
+          "latestVersion": "v0.0.8",
           "containerImagePrefetch": {
             "latestVersion": {
               "binaries": [
@@ -274,7 +274,7 @@
         },
         {
           "renovateTag": "registry=https://mcr.microsoft.com, name=containernetworking/azure-ipam",
-          "latestVersion": "v0.2.0",
+          "latestVersion": "v0.2.1",
           "containerImagePrefetch": {
             "latestVersion": {
               "binaries": [