Newer version of redsnow /redsn0w has been released that allows you to do untethered jailbreak on iPad running iOS 4.3.2. The iPad 4.3.2 jailbreak guide posted few days back is limited to tethered one. But this one is untethered, so no more jalibreaking your iPad again and again after every soft rest. Follow these instruction very carefully.
Download iPad 4.3.2 for your iPad and update your iPad to 4.3.2 using iTunes. You can force an update too. To do that, hold down the shift button (option on mac) and click on Restore button.
Then, install (get the link from bottom of this post) and start the Redsnow app and browse for the official 4.3.2 IPSW file.
After that, select the check box that says “Install Cydia”. Click on Next button.
Turn off (completely off) the iPad and then plug it into the computer. After plugging it in, click on Next. Now you will be told to enter DFU mode. Doing that is simple – hold the power button for 1 second and then while holding it, press the home button as well. Then, after few seconds, while holding the home button, release the power button. Installation should begin now.
Wait for sometime for the RedSn0w to process the instructions. Your iPad will restart automatically and in the end, you will have an iPad fully untethered running the latest 4.3.2 operating system.