Vertex ordering of an graph such that neighbourhood of each vertex occurs as bounded sequences
So if I understand it correctly you want the neighbors of each vertex to form a small number of contiguous blocks of the ordering? Then no, you need a larger number of blocks than that.

Let's suppose we have a bipartite graph with a small number $k$ of (labeled) vertices on one side and $n$ on the other. Each edge from one side to the other can be present or absent independently of the others, so there are $kn$ bits of information required to specify the whole graph.

On the other hand, suppose you could find an ordering with the neighbors of each vertex forming at most $b$ blocks. Then you could specify the same graph by listing the ordering of the big side of the bipartition (representable in $\le n\log_2 n$ bits of information) and the positions and lengths of the blocks for each of the $k$ vertices on the small side of the bipartition ($\le 2bk\log_2 n$ bits). So to have enough information to specify the whole graph we need
$$
n\log_2 n+2bk\log_2 n\ge kn
$$
or equivalently
$$
b\ge\frac{kn-n\log_2 n}{2k\log_2 n}
$$
Setting $k=2\log_2 n$ gives $b=\Omega(n/\log n)$, significantly greater than $\sqrt m=\Theta((n\log n)^{1/2})$.